More than 60 percent of American businesses in China are more optimistic about doing business in the country after the United States presidential election, according to a business group survey today, Reuters reports. However, nearly one third of companies believe China-U.S. trade tensions will continue indefinitely, according to a survey of 124 companies by the American Chamber of Commerce in Shanghai, which also found that 33 percent of company heads are concerned for the personal safety of employees in China as a result of exit bans or detentions. Most respondents to the survey from November 11-15, did not expect trade restrictions or tariffs to increase. Companies also showed increased optimism on expected 2020 revenues compared to a July survey. “Despite optimistic expectations for a better US-China business environment under a Biden administration, China should make reassurances to US companies in order to continue attracting US investment,” said the chamber in a statement released alongside the survey.

Source: The Standard November 20, 2020 01:30 UTC