To explore how business leaders and entrepreneurs in China responded to the COVID-19 lockdown and how they’re planning for the future, the China Program conducted a survey in coordination with the Stanford Center at Peking University and Stanford Business School alumni Christopher Thomas and Xue (Xander) Wu. Though taken from a small sample, the results are one of the best samples to date of how businesses in China are responding to the uncertain geopolitical environment the pandemic and current U.S.-China relations are creating.

The survey reveals mixed progress in reopening different sectors of China's economy, but also shows that many business leaders in China are planning for some level of decoupling as access to global technology and supply chains remains uncertain.