US firms optimism in China has fallen to its lowest level ever

This was out earlier, posting here for interest.

Political tensions, China’s slowing economic growth, poor domestic demand, deflation, and fierce domestic competition are the backdrop to the results of this survey,

• Only 47% of US firms optimistic on 5-year outlook
• US firms profitable in China down to 66% in 2023
• Geopolitical tension rated as biggest challenge

Reuters have more info if you are interested.

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On the flip side, some analysts are seeing the economy lifting itself off the canvas:

• Goldman Sachs on 3 reasons China’s economy is going to turn better
• China to remove restrictions on foreign investment in the manufacturing sector

This article was written by Eamonn Sheridan at www.forexlive.com.