Top finance execs are losing confidence in China’s economy, survey shows

Mounting trade risks are dragging down the the confidence of senior finance officers at companies operating in China, according to the results of a survey by Deloitte released Wednesday.

Donald Trump and Chinese President Xi Jinping earlier this month declared a 90-day ceasefire in the conflict pending further negotiations, but a host of tariffs already imposed by both sides remain in place and the outlook for a resolution remains unclear.

Deloitte received 108 responses to the poll from executives at a mix of multinational, state-owned and privately owned companies operating in mainland China, Hong Kong and Macau. The survey was conducted between September and November.

A total of 69 percent of respondents hold positions at the level of CFO or finance director, while 8 percent are vice presidents, Deloitte said.

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