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Apple’s Tim Cook prepares to unveil Apple Watch. (Apple photo)

As China has taken fresh measures, including introducing new foreign investment laws to better protect the interests of non-Chinese firms and offer more access to foreign enterprises in a number of sectors, the survey said China remains an important market for most US companies responding to the questionnaire. More than 80 percent of member companies surveyed said they expected positive industry growth in China in 2019.

Approximately 2.7 million people, or 20 percent of the workforce, either became unemployed or had their hours reduced between March and April, which was much greater than in previous years.

Apple's revenue from China fell 14 percent to .73 billion in the quarter, compared with .49 billion in the same period last year, despite growth in all other regions.

Approval measures will be simplified, especially for treatment of serious diseases and illness, within a matter of months