US firms say no to trade war

AmCham Shanghai: Companies are still bullish on investment in China

A majority of US companies in China said they oppose the trade war triggered by Washington and pledged to continue investment in the country in the coming year, according to a report by the Asia-Pacific's largest US business alliance released on Thursday.

Nearly 69 percent of the 434 surveyed member companies said they were against the retaliatory tariffs imposed on China. Most of the companies come from non-consumer electronics and chemicals, sectors that experienced the most robust growth last year, the American Chamber of Commerce in Shanghai said in the 2018 China Business Report jointly conducted with consultancy PricewaterhouseCoopers.