American companies also remain concerned about recent developments in intellectual property rights (IPR), technology transfer, and data flow and cybersecurity policy. ach year the US-China Business Council (USCBC) surveys its members to better understand their perspective on the operating and investment climate in China, as well as China’s progress in implementing its World Trade Organization (WTO) commitments. The gift link for this subscriber-only article has expired. Companies also remain concerned about long-held operational issues like fair competition, data and cybersecurity policy, and intellectual property protection. Read Comarch’s latest white paper and learn about software that streamlines the AP/AR process and makes exchanging invoices…, From the October 2020 Logistics Management Magazine Issue, USCBC report takes a deep dive into U.S.-China business relations and impact of tariffs. To be specific, nearly a quarter of the respondents are delaying additional China investments. US-China trade tensions and a slowing Chinese economy were key challenges for US businesses last year as captured by the latest AmCham China Business Climate Survey. Gartner added that the survey shows that global supply chains have been dealing with disruption, in advance of the COVID-19 pandemic, due, in large part, to the United States-China trade war, which have highlighted how global supply chain leaders became aware of the weakness of their globalized supply chains and also question the logic of heavily outsourced, concentrated, and interdependent networks, according to Kamala Raman, senior director analyst with the Gartner Supply Chain Practice. Sector-wise, R&I and consumer companies expect to reduce investments considerably while services and technology and other R&D intensive industries expect to scale back their investments more moderately, according to the survey. including the most recent legal, tax and accounting changes that affect your business. Instead, COVID-19 and tariffs made their way onto the list, and prominently. %PDF-1.6 %���� Most US businesses operating in China are still seeing revenue growth in 2018 despite a softened financial performance compared with 2017, according to the 2019 China Business Climate Survey Report released by the American Chamber of Commerce (AmCham) and Deloitte. Until we resolve the issues, subscribers need not log in to access ST Digital articles. 202-429-0340 A recent report from Gartner, which was based on feedback from 260 global supply chain leaders surveyed in February and March, found that 33% of respondents had moved sourcing and manufacturing activities out of China or they intend to do so over the next two-to-three years. All three of these trends are forcing companies to reevaluate company strategies and supply chains. h�bbd```b``� "W�I0���d�f����Zi}D��*/��b�� �گbXH�����w�D��("�3�:� � Z^6 endstream endobj 1837 0 obj <. US-China trade tensions and a slowing Chinese economy were key challenges for US businesses last year as captured by the latest AmCham China Business Climate Survey. businesses establish, maintain, Several of the most defining moments took place in the trade sphere, having a profound impact on US companies that do business in China. Further, revenue growth last year was not as strong as in 2017 as the share of companies who reported decreases in their revenue growth increased five percent. Stay Ahead of the curve in Emerging Asia. But a log-in is still required for our PDFs. [email protected], Shanghai Privacy Policy. WASHINGTON (XINHUA) - US businesses are not leaving the Chinese market despite "an unprecedented downturn" in US-China relations during the Covid-19 pandemic, according to an annual member survey released on Tuesday (Aug 11) by the US-China Business Council.
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