US, EU Firms' Profits, Confidence in China Continue to Sink
==========
Business confidence and profits of US and EU firms in China are at an all-time low as of September 12, 2024; only 47% of US firms optimistic about five-year outlook, down 5 percentage points from last year; 44% of European firms pessimistic about future profitability, highest since 2012; 66% of US firms reported profitability in 2023, a record low; US FDI into China fell 14% to $163 billion, while EU FDI dropped 29% to $7.06 billion; geopolitical tensions and lack of policy stimulus cited as major concerns; 40% of US firms redirecting investments to Southeast Asia and India; 60% of US companies report favoritism towards local firms; EU firms face unfair competition and regulatory barriers; concerns over China's economic slowdown and lack of credible reform commitments.
#China #Us #Eu #Business #Economy #Geopolitics #Investment #Profits #XiJinping
https://www.asiafinancial.com/us-eu-firms-profits-confidence-in-china-continue-to-sink
Asia Financial /
npub1tf…4lkk0
2024-09-12 14:57:30
Author Public Key
npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-09-12 14:57:30Event JSON
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"content": "US, EU Firms' Profits, Confidence in China Continue to Sink\n==========\n\nBusiness confidence and profits of US and EU firms in China are at an all-time low as of September 12, 2024; only 47% of US firms optimistic about five-year outlook, down 5 percentage points from last year; 44% of European firms pessimistic about future profitability, highest since 2012; 66% of US firms reported profitability in 2023, a record low; US FDI into China fell 14% to $163 billion, while EU FDI dropped 29% to $7.06 billion; geopolitical tensions and lack of policy stimulus cited as major concerns; 40% of US firms redirecting investments to Southeast Asia and India; 60% of US companies report favoritism towards local firms; EU firms face unfair competition and regulatory barriers; concerns over China's economic slowdown and lack of credible reform commitments.\n\n#China #Us #Eu #Business #Economy #Geopolitics #Investment #Profits #XiJinping\n\nhttps://www.asiafinancial.com/us-eu-firms-profits-confidence-in-china-continue-to-sink",
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