U.S. company business outlook for China sinks to record low: survey

COVID-19 lockdowns and diplomatic tensions are among the biggest challenges

About 96% of companies surveyed by the U.S.-China Business Council said they were negatively impacted by Beijing's COVID-19 measures. © AP

PAK YIU, Nikkei staff writer

August 30, 2022 01:00 JST

HONG KONG -- American companies' business outlook for China has sunk to a record low, according to a new survey released on Monday, driven by tense diplomatic relations and regulatory crackdowns.

China's strict zero-COVID measures, including citywide lockdowns and travel restrictions, have also become a top challenge for foreign companies operating in China, according to the U.S.-China Business Council's annual member survey.