- Analytics
- News and Tools
- Market News
- Most U.S. companies optimistic about doing business in China after Biden’s win - survey
Most U.S. companies optimistic about doing business in China after Biden’s win - survey
CNBC reports that the American Chamber of Commerce in Shanghai said in a survey that the outlook for U.S. businesses in China is improving, whether politically or revenue-wise.
Out of 124 company leaders surveyed from Nov. 11 to 15, only two said they are more pessimistic about doing business in China following President-elect Joe Biden’s win this month.
Just over half, or 54.8%, said they are “more optimistic” and 8.1% are “much more optimistic” given the expected change from President Donald Trump’s administration, the survey found.
“The majority of our respondents look at it as a positive,” Ker Gibbs, president of AmCham Shanghai, told. “The Biden administration would be a positive to the stability of the environment, the stability of the relationship.”
Under a Biden administration, only 5.6% of AmCham Shanghai survey respondents expect more tariffs. Instead, 70.2% anticipate new U.S. leadership will work more with other countries to put pressure on trade relations with China.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
