Xi’s Warm Words Jar With Reality For Foreign Companies In China

Even so, plenty of businesses are still making money in China. The US-China Business Council, a co-host for a dinner that Xi attended in San Francisco, reported that 80% of companies surveyed were profitable in 2022, a decrease of 9 percentage points from a year prior. And China was still among the top five priorities for 77% of respondents, down from 96% a decade ago. 

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