SINGAPORE—U.S. and European companies operating in China are feeling the effects as the country increasingly turns inward by keeping its borders closed and showing growing favoritism toward domestic companies, two business lobbies said in separate reports.
An annual survey, released Thursday by the American Chamber of Commerce in Shanghai, showed that 45% of 338 members surveyed said China’s strict rules related to entering the country had a negative impact on their operations, while more than a quarter said they had hit profitability in the country.
