Foreign companies still consider China one of the top investment destinations despite the economic slowdown. Of the 496 companies surveyed, 60% listed China as one of the top-three investment destinations, while a quarter considered China the No 1 priority, according to the Business Climate Survey released by the American Chamber of Commerce in China (AmCham), the Shanghai Daily reports. Western media on the contrary emphasized that 25% of companies surveyed planned to reduce or end their investments in China. The survey also showed China’s economic slowdown is hitting profits. The number of foreign companies rating their business profitable dropped to a five-year low in 2015. Compared with 73% in 2014, 64% of respondents said their companies were financially profitable in the last year. Revenues at 45% of the firms remained flat or declined compared 39% in 2014, the report said. “Although many respondents remain optimistic about China’s domestic market growth potential, almost half of the survey respondents expect China’s overall GDP growth in 2016 will be lower than 6.25%,” the AmCham said in the report.