Posted 2/26/2024, 8:00:31 PM
Foreign Firms Largely Optimistic About China Market Despite Headwinds
- Foreign firms optimistic about China market despite economic slowdown and trade tensions
- 76% of foreign firms plan to reinvest in China, though US firms' optimism dropped 5%
- 90% of US firms not planning to decouple from China amid geopolitical tensions
- China's economy expected to lose steam with GDP dropping to 4.6% by 2028
- Foreign firms continue interest in China market despite Covid impacts on supply chain and demand
