89% of US firms optimistic on China

The American Chamber of Commerce's latest American Business in China survey found that 89% of US corporations operating in China were optimistic or cautiously optimistic about their performance over the next five years, the China Securities Journal reported. Chairman James Zimmerman said 74% of the surveyed corporations were profitable in 2007. “They are doing pretty well in China, which is largely impervious to the global financial storm," he told a meeting in Shenyang, Liaoning province. He also said benefits from the relationship between the two countries considerably outnumbered the frictions. The American Chamber of Commerce China is a US-funded non-profit institution that now has more than 270 members.