US businesses' optimism in China falls to record low, survey shows

U.S. businesses are losing confidence in China due to political tensions, slowing economic growth, and fierce domestic competition. A survey by the American Chamber of Commerce in Shanghai shows only 47% of U.S. firms are optimistic about their five-year outlook in China, the lowest since 1999. Geopolitical concerns and declining profitability are major factors affecting investment and operating plans.