Most U.S. companies in China plan to stay: AmCham Shanghai


SHANGHAI, Sept. 10 (Xinhua) -- While there has been considerable talk about US companies moving production or supply chains out of China in response to geopolitical concerns, tariffs or supply chain weaknesses exposed by COVID-19, very few companies are moving much production,

According to a report released by the American Chamber of Commerce in Shanghai (AmCham Shanghai) on Wednesday, of over 200 respondents that own or outsource manufacturing operations in China, 70.6 percent did not intend to shift production out of China, 14 percent are moving some production to non-US locations. Only 3.7 percent are moving some production out of China to the U.S.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Pope Leo, newly forceful global voice, heads to Angola on Africa tour
Police operation in Melbourne after car struck group of people, media reports
Dubai police arrest Daniel Kinahan on organised crime charges
Iran reimposes restrictions on the Strait of Hormuz
Iran announces partial reopening of its airspace
Colombia's Petro warns of Latin American 'rebellion' if US doesn't rethink policy
UK’s Cooper urges full resumption of shipping through Hormuz Strait
Ukraine strikes Baltic Sea port, Volga river industrial sites
Russia hits port, power facility in Ukraine overnight
Convoy of tankers is seen leaving Gulf, vessel tracking data shows

Others Also Read