2026 AmCham China Survey: Slower Growth and Tech Decoupling Cloud Outlook

Is the China market losing its luster despite easing political tensions? The 2026 AmCham China Survey highlights a complex reality where profitability is rising, yet fundamental economic concerns and tech decoupling create significant headwinds for American businesses.

Growth Fears Take Center Stage in 2026 AmCham China Survey

According to the annual China Business Climate Survey released on January 16, 2026, nearly two-thirds of the 368 respondents identified China's slowing economic growth as their primary concern. While Beijing-Washington relations remain a challenge, they've been surpassed by the immediate pressure of a cooling economy.

Surprisingly, bottom lines improved last year. 52% of companies reported being profitable or very profitable, a 6 percentage point increase from 2024. The service sector led the charge, with 61% of firms in that category registering gains. It seems efficiency drives are paying off even as the broader pie stops expanding rapidly.

The Decoupling Dilemma

While 79% of members hold a positive or neutral outlook on bilateral ties—a significant improvement—the practical reality of technological decoupling remains the "primary obstacle to corporate innovation." Companies aren't just worried about trade; they're worried about the structural split of global tech ecosystems.