Despite the trade tensions, Chinese CEOs remain committed to global expansion, but have shifted their focus from the U.S. to Southeast Asia, Europe and Africa, according to a survey conducted jointly by China's prestigious Tsinghua University and Marcum Bernstein and Pinchuk LLP (MarcumBP), a leading auditor for U.S.-listed Chinese companies.
SHANGHAI: Chinese private firms are shunning the United States in their overseas expansion, and generally prefer a home listing to a U.S. initial public offering (IPO), a private survey showed on Tuesday, highlighting the trade war's impact on executive decision-making.
The survey is released at a time when U.S. politicians are calling for tighter scrutiny over Chinese investment and capital-raising, while Beijing is encouraging domestic listings by Chinese companies.
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