In the News: US-China Survey; Digital Currency Expansion; and Border Reopening

August 17, 2020 | BY

Vincent Chow

U.S. business group survey indicates companies are not leaving China market; digital currency pilot set for expansion to major Chinese cities; and foreign nationals from 36 European countries allowed entry into country

U.S. companies are still optimistic about China market but uncertainties remain

American businesses are not leaving the China market, according to a trade group representing more than 200 U.S. businesses in the country. On Aug. 11, the U.S.-China Business Council (USCBC), published the results of its annual survey of members. Almost 70% of respondents expressed optimism about the five-year business outlook of the market, while 87% reported having no plans to move production out of China.

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