U.S. companies in China have a less rosy outlook for business conditions over the next five years due to a slowing economy, an "opaque" regulatory environment and rising domestic competition, a U.S. business lobby survey showed on Wednesday. The annual report by the American Chamber of Commerce in Shanghai - the self-dubbed voice of American business in China - said 43 percent of respondents in a survey of its members were "optimistic" about prospects. AmCham's survey, conducted from late October to early December, made no mention of China's plans to introduce a counter-terrorism law that would require technology firms to hand over encryption keys and install security "backdoors". In an interview with Reuters on Monday, U.S. President Barack Obama sharply criticized the new law, urging China to change the policy if it wants to do business with the United States.
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