US firms still optimistic on China

SHANGHAI: US firms in China are largely optimistic about their prospects in the world’s second-biggest economy, a survey showed on Tuesday, despite a growth slowdown and a government austerity drive.

But while the American Chamber of Commerce in Shanghai said that 86 percent of its members were optimistic about the next five years, the figure is down from 91 percent in 2012 owing to tough regulations and government probes.