Fewer China Firms Turning Profit, AmCham Finds

Fewer surveyed companies operating in China turned a profit in 2021 than the pre-pandemic level in 2019, pointing to the adverse impact of Covid-19 flare-ups on business operations, Caixin reported, citing a US business group’s survey.

Of the 230 companies surveyed by the American Chamber of Commerce in South China, 82% said they made a profit in China last year, a drop of 13 percentage points from 2019, when 240 companies were studied.

Read the full report: Caixin

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Tags: AmCham

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.