In a survey among U.S. companies operating in China conducted in June 2022, about 73 percent of respondents stated that COVID control measures further increased the political risks of doing business in China. Other major factors include the psychological impacts of lockdowns on employees in China and reduced headquarters confidence in the Chinese market.
Major impacts of COVID-19 control measures on U.S. companies' business and investment plans in China as of June 2022
multiple answers allowed; among 117 member US companies operating in China
Supplementary notes
The industry distribution of the surveyed companies is as follows:
39% in the manufacturing industry, 39% in the service industry, 24% in the tech-intensity industry, 10% in the energy sector, 4% in the agriculture sector, and 11% in others.
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US-China Business Council. (August 29, 2022). Major impacts of COVID-19 control measures on U.S. companies' business and investment plans in China as of June 2022 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1363109/china-top-impacts-of-covid-19-control-measures-on-us-companies-business-plans/
US-China Business Council. "Major impacts of COVID-19 control measures on U.S. companies' business and investment plans in China as of June 2022." Chart. August 29, 2022. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1363109/china-top-impacts-of-covid-19-control-measures-on-us-companies-business-plans/
US-China Business Council. (2022). Major impacts of COVID-19 control measures on U.S. companies' business and investment plans in China as of June 2022. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1363109/china-top-impacts-of-covid-19-control-measures-on-us-companies-business-plans/
US-China Business Council. "Major Impacts of Covid-19 Control Measures on U.S. Companies' Business and Investment Plans in China as of June 2022." Statista, Statista Inc., 29 Aug 2022, https://www.statista.com/statistics/1363109/china-top-impacts-of-covid-19-control-measures-on-us-companies-business-plans/
US-China Business Council, Major impacts of COVID-19 control measures on U.S. companies' business and investment plans in China as of June 2022 Statista, https://www.statista.com/statistics/1363109/china-top-impacts-of-covid-19-control-measures-on-us-companies-business-plans/ (last visited October 31, 2024)
Major impacts of COVID-19 control measures on U.S. companies' business and investment plans in China as of June 2022 [Graph], US-China Business Council, August 29, 2022. [Online]. Available: https://www.statista.com/statistics/1363109/china-top-impacts-of-covid-19-control-measures-on-us-companies-business-plans/
