MNI BRIEF:US-China Relations Drag On Members Outlook - Chamber

Trade tensions between the U.S. and China are eroding business confidence and pushing revenue expectations to record lows, the American Chamber of Commerce in Shanghai said Wednesday. 

According to its newly released 2025 China Business Report, 64% of surveyed companies expect U.S.-China tariffs to weigh on revenue this year, with only 45% of members expecting revenue growth in 2025, which would mark the lowest level on record if realised, the chamber said.

Despite the subdued outlook, more than one-third of participants noted that Chinese government policies and regulations toward foreign companies have improved in recent years, up four percentage points from 2024.

A senior Chinese official rejected the idea that the recent Shanghai Cooperation Organisation summit in Tianjin was anti-U.S. or anti-western, stressing the group’s focus on common security and global prosperity. (See MNI INTERVIEW: China To Advocate For SCO Free)