A view of Lujiazui, a top financial hub in China, from across the Huangpu River in Shanghai. (GAO ERQIANG / CHINA DAILY)

SHANGHAI - US companies' optimism about business conditions in China has recovered to hit three-year highs, an annual survey showed on Thursday.

The American Chamber of Commerce in Shanghai, which conducted the survey with consultancy PwC China, attributed the renewed optimism to rising revenues as well as ebbing concerns over the COVID-19 pandemic in China, which has largely gotten control over its spread with a zero-tolerance policy.

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“Business in China recovered quickly from last year’s lockdown," said Ker Gibbs, president of the American Chamber of Commerce in Shanghai which published the survey that was conducted between mid-June and mid-July.

Of the 338 respondent companies, 78 percent described themselves as "optimistic or slightly optimistic" about their five-year business outlook in 2021, nearly 20 percentage points more from 2020 and a return toward 2018 levels, the survey said.

By contrast, in 2021, 10 percent of respondent companies described themselves as "pessimistic" about their five-year outlook, compared to 18 percent and 21 percent of respondents in 2020 and 2019, respectively.

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