US companies are becoming more optimistic about the Chinese market and more upbeat about the country's economic recovery, according to a report sent by American Chamber of Commerce in China (AmCham China).
The optimism came after a series of visits to China by US corporate executives in recent weeks, in a signal of rising confidence in China's growth potential. The executives vowed long-term investment and said they're eyeing more opportunities in this market.
The latest survey is a follow-up assessment to its 2023 China Business Climate Survey Report (2023 BCS), which showed American companies' most recent views on China's business outlook.
According to the report, 59% of the member companies had a positive view about China's economic recovery, a rise of 22 percentage points from March.
The survey found that 59% of the members are upbeat about China's market growth, up from 42%. The share of those who were optimistic about the potential for profitability rose slightly, up 4 percentage points to reach 37%.
The results are in line with US companies' increasing interest in China, as a number of US corporate executives including Starbucks' Howard Schultz, Intel's Patrick Gelsinger and Apple's Tim Cook visited China in recent weeks, as they expressed growing optimism as the Chinese overall economy emerges from the shadows of the pandemic.
