Group 1 - The core finding of the report indicates that 71% of surveyed American companies in China expect to be profitable in 2024, an increase from 66% in 2023, reflecting an improvement in the business environment [1] - 48% of respondents believe that the regulatory environment in China is transparent, a significant increase of 13 percentage points from the previous year [1] - 41% of companies express confidence in further market opening in China, showing a notable rise compared to last year [1] Group 2 - The report highlights that 64% of surveyed American companies anticipate a decline in revenue due to the tariff war, with 48% calling for the cancellation of all tariffs and non-tariff barriers against China [1] - The U.S. Trade Representative's office extended the tariff exemption for 178 products from China until November 29, 2025, amidst ongoing legal disputes regarding tariffs [3] - The president of the Shanghai American Chamber of Commerce emphasizes the importance of reducing uncertainty for businesses and advocates for cooperation in international trade [3] Group 3 - The report identifies "local competition" as the second-largest challenge for American companies in China, following bilateral relations, indicating the growing strength of Chinese enterprises [5] - 41% of surveyed American companies believe that Chinese firms are more advanced in the application of artificial intelligence (AI), particularly in retail and consumer goods [5] - In the automotive sector, over half of the respondents view Chinese companies as competitive in AI technology, with a focus on autonomous driving and AI-driven supply chain optimization [5] Group 4 - The president of the Shanghai American Chamber of Commerce notes that normal competition is reasonable and appreciates the Chinese government's efforts to address issues of irrational competition [6] - He highlights the need for international agreements and governance rules in the field of AI to address potential challenges [6] - The three areas where China and the U.S. must collaborate include AI governance, climate change, and public health [6] Group 5 - The Shanghai American Chamber of Commerce plans to participate in the upcoming China International Import Expo, focusing on agriculture, with an expanded exhibition area compared to last year [7] - Last year, American companies achieved $711 million in cooperation intentions at the expo, a 41% increase from the previous year, and aim to surpass this record [7] - The chamber believes that participation in the expo is significant for fostering U.S.-China relations, despite existing challenges such as tariffs and government spending cuts [7]