US businesses not leaving Chinese market despite strained ties: Survey

Workers at a factory manufacturing air-conditioners in Huaibei, Anhui province, in China. The 11-page research report by China's Commerce Ministry notes how bilateral trade in goods has jumped 252 times to reach US$633.5 billion (S$864 billion) since both countries established diplomatic ties in 1979.PHOTO: REUTERS. Sketched by the Pan Pacific Agency.

BEIJING, Aug 12, 2020, Xinhua. U.S. businesses are not leaving the Chinese market despite “an unprecedented downturn” in U.S.-China relations during the COVID-19 pandemic, according to an annual member survey released Tuesday by the U.S.-China Business Council (USCBC), ECNS reported.

“Both our data as well as conversations with member companies indicate that American companies remain committed to the China market over the long term,” said the survey.

The USCBC is a trade group representing more than 200 U.S. companies that do business with China.