Daunted by geopolitics and trade war, US companies in China report record-low new investment plans

WASHINGTON: American companies in China are reporting record-low new investment plans for this year and declining confidence in their profitability, with uncertainty in U.S.-China relations and President Donald Trump’s tariffs their top concerns, according to a survey released Wednesday.

The companies are also challenged by China’s slowing economy, where weak domestic demand and overcapacity in local industries are eroding profitability for the Americans.