US firms still see profit opportunities
September 12, 2019
Despite concerns over US-China trade tensions and tariffs, American companies still see opportunities to bolster profits, according to a report by the American Chamber of Commerce in Shanghai released on Wednesday.
Some 76.8 percent of US companies in China reported profits last year, similar to previous years. Logistics companies all posted profits, as did 93.3 percent of chemical firms and 89.9 percent of pharmaceuticals, medical devices and life sciences firms.
The outlook for 2019 has dimmed though, with only 50.5 percent of companies expecting revenue to beat their 2018 numbers.