The survey conducted by the American Chamber of Commerce in Singapore. The results of the survey have shown the real dark picture of deepening war between the US and China.
The survey was conducted in Singapore and was cited by 54% of firms up from 50% late in 2018. Reportedly the companies are delaying or canceling of investment. The businesses operating in the Asia Pacific are being impacted by the war.
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The report has shown that over the past six months, over 41% have seen a slightly negative effect from the trade war, around 8% reported a strong and negative impact and the other 32% registered no impact.
But the serious shock came after when 40% percent that the war is seemingly going get worse in which 30% said that the situations will remain the same.
In another survey called AmCham which included 144 respondents of which 90% of them have their operations across the Asia-Pacific and Southeast Asia. The respondents' list includes 61% of American-based firms.
The survey also cited that the respondents are showing interest in moving towards India. Despite the war tensions the respondents are still hoping for a favorable business in the coming 6 months.
Southeast Asia is an attractive place to do business and improve their business standards too. well, the time will show the improvements and the drawbacks of the businesses who think that their operations are being affected by the trade war between the US and China.