Impacts on U.S. businesses in China due to China's industrial policies 2019-2022
In a survey among U.S. companies operating in China conducted in June 2022, around 87 percent of respondents stated that their businesses in China were impacted by the US-China trade tensions. The negative impacts of China's industrial policy changes had been deepening since 2019. Found out in the same source, Chinese customers actively migrating away from American company products or services to domestic ones and increased competition from previously non-competitive local companies were major negative effects.