The vast majority of Chinese and US companies remain intent on continuing to conduct business in each other’s countries according to surveys conducted by chambers of commerce.
The “2020 CGCC 2020 Annual Business Survey Report” (2020年在美中资企业商业调查报告) conducted by the New York-based China General Chamber of Commerce-USA found that 95% of Chinese enterprises surveyed had no plans to withdraw from the American market, and that 70% had no plans to cancel or withdraw their stateside investment plans.
A survey by the American Chamber of Commerce in Shanghai of its 340 member companies found that 92% planned to continue to conduct business in China.
70.6% of more than 200 US enterprises that own or outsource manufacturing operations in China said that they would not shift their production units outside of the country.
The “Commercial Confidence Survey 2020” conducted by the European Union Chamber of Commerce in China found that 62% of EU enterprises wanted China to further expand entry quotas for them to cooperate with local enterprises or invest in China.
Joerg Wuttke, President of the EU Chamber of Commerce, said to local media there none of the EU enterprises that are its members plan to withdraw from the Chinese market.