US companies will cut investments: AmCham
Slower Chinese growth will see US companies cut investment in the world’s secondlargest economy, according to the American Chamber of Commerce in China.
“While slower growth and market access barriers were also the No 1 and No 2 drivers for lowered investment, there has been a very significant jump in both factors in this year’s survey,” AmCham China Chairman Gregory Gilligan told reporters in Beijing.
China’s economy grew by an annual 7.4 percent in the January-March period, the slowest in 18 months. US non-financial direct investment in China dropped 1.91 percent year-on-year to $1.04 billion in the same period, according to the Ministry of Commerce.