US firms lower China expectations as growth slows

Beijing

US companies, which have led Western investment in China over the last 35 years, are scaling back their expectations and business plans in the face of slowing growth, heightened competition and increased regulatory scrutiny from Beijing.

"Clearly, there's moderating optimism," said John Frisbie, president of the US-China Business Council (USCBC). "There's also a lot of policy uncertainty in the business community."