Articles for tag: American, Businesses, Economic, Historic, Lows, Optimism, Profitability, Reductions, Report, Rise, Tariff, Tensions, Uncertainty, Urging, USChina

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US-China tensions rise as American businesses report historic lows in optimism and profitability, urging tariff reductions amidst economic uncertainty.

US-China tensions rise as American businesses report historic lows in optimism and profitability, urging tariff reductions amidst economic uncertainty.

US businesses operating in China are facing significant challenges, leading to a record low in optimism about their five-year outlook. A recent survey by the American Chamber of Commerce in Shanghai revealed that only 47 percent of American firms feel positive about their future in China, down five points from last year. This decline is ...

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IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM is planning to scale back its operations in China, reportedly due to rising tensions between the US and China, as well as a decline in the Chinese economy. The company is cutting about 1,000 jobs in major cities like Beijing, Shanghai, and Dalian and is ending its research operations in China after 25 years. ...

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