Geopolitics

Indo-Pacific Views of U.S.- and China-Led Trade and Investment Disadvantage Chinese Companies

American multinationals stand to benefit even if the Indo-Pacific Economic Framework continues to receive a chilly reception

Graphic depicting favorability of chinese companies
Getty Images / Morning Consult artwork by Sara Wickersham
  • Adults in major Indo-Pacific markets view U.S.-led investment more favorably than Chinese-led investment.

  • Views of China are somewhat more favorable when it comes to trade.

  • But in all markets except Singapore, respondents were more likely to say that trade with the United States helps their country than they were to say the same about trade with China.

  • These dynamics suggest U.S. companies are better positioned for Indo-Pacific market entry and sales opportunities than their Chinese peers, even as key regional partners remain pessimistic on the Biden administration’s Indo-Pacific Economic Framework.

Pluralities of adults in six major Indo-Pacific markets think investment from U.S. companies is a net benefit for their economies. By contrast, in only three countries (India, Indonesia and Singapore) do pluralities of adults hold the same views about investment from Chinese companies. In the remaining three (Australia, Japan and South Korea), pluralities of adults think Chinese investment does more harm than good or are unsure.

Adults in Major Indo-Pacific Markets View U.S.-Led Investment More Favorably Than Chinese-Led Investment

Respondents were asked if they think greater investment from U.S. and Chinese companies mostly helps or hurts their country’s economy

Surveys conducted Dec. 23, 2021-March 8, 2022, among representative samples of 1,000 adults per country, with unweighted margins of error of +/-3 percentage points.

Views of China are somewhat more favorable when it comes to trade: In most cases, larger shares of adults think more trade with China is a net benefit relative to those holding the same views on Chinese investment. But in all markets except Singapore, respondents were more likely to say that trade with the United States helps their country than they were to say the same about trade with China.

Adults in Most Indo-Pacific Markets Also Favor Trade With the United States Over Trade With China

Respondents were asked if they think trading more with the United States and China mostly helps or hurts their country’s economy

Surveys conducted Dec. 23, 2021-March 8, 2022, among representative samples of 1,000 adults per country, with unweighted margins of error of +/-3 percentage points.

These dynamics suggest U.S. companies are better positioned for Indo-Pacific market entry and sales opportunities than their Chinese peers, even as key regional partners remain pessimistic on the Biden administration’s Indo-Pacific Economic Framework, which is expected to be unveiled shortly. By extension, Chinese multinationals doing business in the region risk remaining at a relative disadvantage even if the framework makes little headway in the coming months.

 

For a more detailed briefing and access to complementary data, please contact press@morningconsult.com.

Morning Consult