Economics
Most U.S. Companies Plan to Stay in China, Ride Out Trade Unrest
People walk up a flight of stairs as a Chinese flag is displayed at a border crossing facility in the Sha Tou Jiao Port of Shenzhen.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
When President Donald Trump ordered American companies last week to break off ties with China, he gave a directive that conflicts with the plans of a vast majority of large U.S. firms doing business there.
That’s according to a new survey of U.S.-China Business Council members. Eighty-seven percent of respondents said they neither have moved nor plan to shift operations out of China, compared with 90% in a 2018 survey. Only 3% said their China operations were unprofitable, unchanged from a year ago.