China's Economic Slowdown, Not Trade War, Top US Business Concern: Survey

• A survey by the American Chamber of Commerce in China reveals that US businesses are more worried about China's economic slowdown than Trump's trade war.
• Despite a record trade surplus of $1.19 trillion in 2025, China's economy faces challenges like declining factory output, retail sales, and fixed-asset investment.
• China's growth is projected to be 4.9% in 2025, missing its 5% target, and is expected to slow further to 4.5% in 2026 and 2027.
• 64% of surveyed companies cited China's slowing growth as their top concern, compared to 58% for US-China trade tensions.
• Weak consumer demand, a struggling real estate market, and stagnant household incomes contribute to the economic downturn, impacting American exporters.

Why It Matters: US businesses prioritize China's economic slowdown over trade tensions as their main concern for 2026.