Fu Ting.

In this photo released by Russian Foreign Ministry Press Service on Tuesday, July 15, 2025, Russian Foreign Minister Sergey Lavrov, center left, and Chinese Foreign Minister Wang Yi, center right, pose for a photo with other officials during the meeting on the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO), in Tianjin, China. (Russian Foreign Ministry Press Service via AP)

Daunted by geopolitics and trade war, US companies in China report record-low new investment plans

American companies in China are reporting record-low investment plans and declining confidence in profits this year. A survey by the U.S.-China Business Council released Wednesday highlights concerns over U.S.-China relations, tariffs, and export controls. Conducted between March and May, it shows over half of surveyed companies have no new investment plans in China. Many cite challenges like weak demand, overcapacity, and U.S. export restrictions on high-tech products. While 82% reported profits in their China operations in 2024, fewer than half feel optimistic about the future. A record number of businesses are considering relocating operations outside China due to ongoing uncertainties.

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Tourists take a selfie at the Temple of Heaven as they take a half-day tour offering by a travel agency Trip.com Group, in Beijing on June 15, 2025. (AP Photo/Andy Wong)

China extends visa-free entry to more than 70 countries to draw tourists

China now allows citizens from 74 countries to enter visa-free for up to 30 days. This policy aims to boost tourism, the economy, and China’s global influence. The government has expanded the program significantly in recent months, adding many European, Latin American, and Middle Eastern countries. In 2024, over 20 million foreign visitors entered without visas, more than double the previous year. However, major African nations remain excluded. A separate transit policy permits travelers from 10 other countries, including the U.S. and U.K., to stay for 10 days under specific conditions. Tourism companies report significant growth due to these relaxed entry rules.

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