U.S. firms in China anxious about soured ties lasting for years

U.S. companies based in China are increasingly worried that trade tensions between the world’s two largest economies will drag out over the years, and nearly a third confirmed their ability to retain staff had been affected, confirmed a survey showed.

Half of the companies said they believe that the soured ties will last at least three years, up sharply from 30% back in 2019, as per the annual business sentiment survey conducted by the consultancy PWC China and American Chamber Commerce in Shanghai.

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Of those, 27% confirmed they believe tensions will last indefinitely, as compared to just 13% last year.

To Read More: Reuters