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US companies still optimistic about business in China: survey

Profitability cited as key factor, despite growing tensions

A survey found that 87% of American companies had no immediate plans to leave China, despite sour U.S.-Sino trade relations.   © Reuters

Reading U.S. President Donald Trump's tweets, one might think U.S.-China relations are hitting rock bottom. But for American companies doing business in China, things are not that bad, a survey showed.

The U.S.-China Business Council found that nearly 70% of member companies are optimistic about the five-year business outlook in China, the group reported on Tuesday. The survey showed that 83% counted China as either the top priority for their company's global strategy or among the top five. At the same time, 86% of the organization's more than 200 member companies reported that bilateral trade tensions have affected their business in China.

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