Survey: US companies paring China investment

The Wall Street Journal reports a new survey says more US businesses are shelving investment plans in China as companies find themselves caught between hardening trade stances in Washington and Beijing. The annual survey of members of the American Chamber of Commerce in China released Wednesday said that the percentage of companies that rate China among their top three investment targets fell to 56%, the lowest since at least 2009. Four out of five companies said they felt less welcome in China than before, nearly double the rate from three years ago. The survey, which isn’t scientific, was conducted online between Oct. 26 and Nov. 27. The results were calculated based on 462 responses from members of the chamber, which represents 900 companies in China, about 80% of which are American.