U.S. business outlook on China hits record low amid slowing economy and geopolitical tensions
- U.S. businesses in China report record low optimism in 5-year outlook.
- Top factors driving pessimism are geopolitics, China's economic slowdown.
- Major business challenges include U.S.-China tensions, lack of transparency.
- Pressure on U.S. firms to decouple from China also a concern.
- COVID restrictions easing fails to improve business sentiment.