The US-China Business Council (USCBC) claims that American companies in China remain confident about the future, despite the impact of the global recession, AFP reported. In a poll conducted by the council over the summer, 84% of respondents said their operations in China were profitable, while 51% expected their business in China to grow in 2009. Council president John Frisbie said that China had been a "bright spot" for companies in the midst of the global slowdown. "There is no doubt that the global economic recession has affected US companies’ China sales, but the impact has been less than in other markets," he said. Frisbie added that over 90% of the USCBC’s members indicated that expansion in China would be among their top priorities in the future.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved