Foreign business confidence in China is at all time lows, lobby groups say. Photo: AP
Foreign business confidence in China is at all time lows, lobby groups say. Photo: AP

China’s economy is losing its lustre, but US firms say it’s irreplaceable in the short term

  • Michael Hart, president of AmCham China, says the world’s No 2 economy is still important, but ‘reservations’ are growing
  • Small firms are ‘really suffering’ from Covid measures and alternative markets like Vietnam are becoming more appealing

Foreign business confidence in China is at all time lows, lobby groups say. Photo: AP
Foreign business confidence in China is at all time lows, lobby groups say. Photo: AP
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