On June 10, 2026, the Chinese language website of French international broadcaster RFI (Radio France Internationale) reported that while the profitability of US companies operating in China is recovering, they are maintaining a cautious stance on expanding investment due to geopolitical risks.

The article stated that a survey of member companies of the US-China Business Council (USCBC) showed that 92% of companies maintained profitability in their China operations, indicating an improvement. It also reported that 95% of companies consider their China operations important for maintaining competitiveness.

It also introduced that Sean Stein, chairman of the US-China Business Council, pointed out that China is not merely a market but an important source for learning about global innovation and competition.

On the other hand, it was noted that only 49% of companies planned to increase investment, and factors hindering investment enthusiasm included sluggish domestic demand in China, deflationary pressure, and stagnation in the real estate market. It also mentioned that companies expressed skepticism regarding the government's consumption-led recovery measures.

Furthermore, it stated that they are also facing pressures such as intensified competition due to support for local Chinese companies and reduced opportunities for foreign investment.

Moreover, it was mentioned that geopolitical factors, in addition to economic ones, are making US companies hesitant to invest in China, with 84% of companies reporting that US-China tensions are detrimental to their business. While companies losing orders due to tariffs reached their highest level since the start of the trade war, it was also reported that the movement to return manufacturing bases to the US has been limited due to high costs, and there has been no large-scale withdrawal from China.

In addition, the article reported that China's export restrictions on critical minerals such as rare earths are creating practical obstacles for US companies, while US export restrictions are also resulting in a loss of market share for its own companies. (Edited and translated by Kawashiri)