US companies upbeat on China

Most US companies doing business in China are profitable and many want to step up their investments, according to a new survey.

The poll by the US-China Business Council indicated that the global recession led to reduced sales and slowed investment plans for member companies as well as job cuts for some.

However, 51 percent of the 100 respondents projected their revenues in China would grow in 2009, and 84 percent said their China operations remained profitable, according to the council, a leading group of US companies engaged in business with China.