US firms not leaving nation, says AmCham

GUANGZHOU - US firms are not pulling out of China despite trade tensions as the country's consumer market is just too big to lose out on, said Harley Seyedin, president of the American Chamber of Commerce in South China.

"I don't know a single company or member who has left China," said Seyedin in an interview with Xinhua News Agency. China's economy is growing at a relatively fast pace, creating consumer demand and investment opportunities, Seyedin said.

"You have to build new facilities to keep up with the demand, otherwise you can lose market share. Once you lose it, it's hard to get it back, "said Seyedin, noting that certain US firms operating in China are losing market share to European competitors as a result of the trade frictions.