US businesses' optimism in China falls to record low, shows survey

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US businesses' optimism in China falls to record low, shows survey - Business Standard

Quick Summary:

Also at record lows were the number of firms profitable in 2023, at 66 per cent.

The 100 per cent tariffs on EVs, 50 per cent on semiconductors and solar cells, and 25 per cent on lithium-ion batteries, among others, were due to take effect on Aug.1, but have twice been delayed.

The bilateral relationship was cited by 66 per cent of respondents as their biggest challenge and by 70 per cent as the greatest challenge to China's economic growth.