China Profitable as Business Climate Worsens, Amcham Says

More U.S. businesses in China said they were profitable last year even as they became increasingly pessimistic about the Chinese government’s commitment to improving market access, the American Chamber of Commerce in China said today.

Seventy-eight percent of member companies surveyed by Amcham said their China operations in 2010 were very profitable or profitable, the highest proportion in survey results dating back to 2002, the Beijing-based chamber said in its annual business climate survey. At the same time, 24 percent of respondents said China’s economic reforms had done nothing to improve the environment for U.S. businesses in the country, up from 9 percent who said the same in the previous poll.