MNI BRIEF: U.S. Firms In China Expecting More Profits In 2024

U.S. firms in China have increased profit expectations and lowered risk assessment for U.S. China relations for 2024, according to a report by the American Chamber of Commerce on Thursday.

Firms with an optimistic or slightly optimistic outlook on the economy increased to 38% from 32% last year. While companies feeling pessimistic on U.S. China relations fell from 36% in 2023 to 17% this year. In terms of FDI, firms that believe the Chinese government comittment to open up its economy reached 43%, up from 32% last year.

Exports from China to the U.S. could also return to single digit growth this year as relations cool, a trade advisor recently told MNI. (MNI INTERVIEW: China Trade To Hit CNY44-45 Trillion In 2024)