Biden was elected president of United States, blossoming in China and United States
A recent survey by the American Chamber of Commerce in Shanghai shows that American companies are optimistic about their business prospects in China, saying that if Sino-US relations improve, their revenue will increase.
Among the 124 company leaders interviewed from November 11 to 15, 122 people said that Biden’s election as the President of the United States gave them more confidence in their business in China. The U.S. Chamber of Commerce said in a statement that overall, U.S. companies are optimistic about their business prospects in China under the Biden administration.
This may be due to their expectation that the U.S.-China relationship will be more stable than in the past four years, despite the fact that the relationship between the two countries It is impossible to return to the situation before 2016.
Ker Gibbs, president of the American Chamber of Commerce in Shanghai, said that the Biden administration will play an active role in stabilizing the political environment and relations between the two countries.
With the Trump administration taking tough measures to deal with the differences between the two countries, tensions between China and the United States have increased.
Trump’s actions, such as restricting visas for Chinese students and journalists, have repeatedly accused China of causing the spread of the new crown virus, exacerbating tensions between the two superpowers, and creating a kind of insecurity for American companies in China. An atmosphere of certainty and unpredictability.
As a result of the trade conflict between the two countries, the United States and China both imposed high tariffs on each other’s multi-billion-dollar goods. The United States blacklisted the Chinese technology giant Huawei and several other large Chinese companies, banning them from major supplies from the United States. Suppliers to purchase parts.
According to a survey by the American Chamber of Commerce in Shanghai, only 5.6% of the respondents said that the Biden administration will expand tariffs.
Many business leaders believe that China’s economic recovery from the new crown pneumonia epidemic is a favorable factor for them, and the United States is still working hard to control the epidemic.
Most companies with manufacturing operations in China plan to maintain production in China for the next three years. The survey showed that only three companies intend to transfer at least 30% of their manufacturing operations to other countries.
However, not all American companies in China are optimistic. One-third of the interviewees said they were worried that China might ban American companies from leaving China or impose other restrictions on employees of American companies.