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Search resuls for: "Colm Rafferty"


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Leah Millis | Afp | Getty ImagesBEIJING — Secretary of State Antony Blinken underscored the importance of the economic aspects of the bilateral U.S.-China relationship during his high-stakes trip to Beijing earlier this week. The German Chamber of Commerce in China said that during her Beijing trip, Baerbock visited German company Flender, a gearbox manufacturer. Chairman Colm Rafferty and Vice Chair Roberta Lipson attended the meeting with Blinken on behalf of AmCham China. Slowing growthRegulatory challenges aside, a more pressing issue for businesses is slower economic growth in China and the U.S. in the last few months. He said the growth of major economies such as China is in the U.S. interest and described the economic relationship as "vitally important."
Persons: Antony Blinken, Xi Jinping, Leah Millis, Blinken, Michael Hart, Hart, Annalena Baerbock, Baerbock, Colm Rafferty, Roberta Lipson, AmCham, Xi, Gabriel Wildau, Teneo, Central Foreign Affairs Office Wang Yi, Qin, Trump, Yellen, Joe Biden, it's, Biden Organizations: of, People, Afp, Getty, BEIJING —, State Department, American Chamber of Commerce, CNBC, German, of Commerce, The U.S . Department, State, Communist, Central Foreign Affairs Office, Qin Gang, U.S . Federal Reserve Locations: Beijing, BEIJING, U.S, China, AmCham China, The, China U.S, Taiwan
SHANGHAI, March 1 (Reuters) - U.S. businesses operating in China are increasingly pessimistic about their prospects in the world's second-largest economy, according to a survey released Wednesday by the American Chamber of Commerce in China. For the first time in the 25-year history of AmCham China's business sentiment survey, a majority of responding companies said China is no longer seen as a "top three investment priority". Most said they were revising China investment plans to invest the same or less overall in the country, though the vast majority also reported no plans to relocate their operations out of China completely. Rising U.S.-China tensions remain the top business challenge, cited by 66% of respondents, while 65% of members said they were "unsure or uncertain" that China will further open to foreign investment. Almost half of the American businesses surveyed said they feel less welcome in China than they did a year ago.
Airlines are drawing up plans to expand their services but ordinary Chinese and travel agencies suggest that a return to anything like normal will take some time. But an immediate surge in international travel is not widely expected. According to VariFlight data, international flights to and from China are at 8% of pre-pandemic levels. Weighing on many people's travel plans is the wave of COVID-19 infections now sweeping China, Liu said. One of the fastest bouncebacks is expected to be in international business travel.
REUTERS/Thomas PeterBEIJING, Dec 7 (Reuters) - Searches on Chinese travel sites surged and social media platforms were flooded with delight and relief on Wednesday as the public cheered the biggest loosening of some of the world's strictest COVID policies. CAUTIOUS OPTIMISM, EXHAUSTIONThe news was also welcomed by foreign business groups, many of which had become increasingly outspoken about the damage the zero-COVID policy was having on China's economy and the operations of their companies. "Timely implementation will help stabilise China’s economy and get life back to normal," the European Chamber of Commerce in China said of the 10 measures announced on Wednesday. It also urged China to roll out mRNA vaccines for domestic use as part of a vaccination drive with the elderly a priority. Reporting by Sophie Yu and Martin Pollard, Writing by Brenda Goh; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
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