Page 5 - 2017 Special Report
P. 5
sident?? Message Dear Members, 亲ç???????
ä¼???´è? This year, more than 230 companies participated in what has ç?????å¸????????ºç?æµ???µç?????????ä¸??ç®?ç§?
become an annual exercise - our Special Report on the State of ???????????å·²ç???¸º???ç¾?????ä¸?å¹´ä?åº?????æ´?
Business in South China ?? the results of which always continue to ???ä»?¹´???????????????·è??¥ç?ä¼??è¶??230å®¶ï?
fascinate us, as the Study provides us with intriguing glimpses into è°??ç»??ä¹??å¦??å¾??°å?人注?????äº??ä¸??ä¸??ç»????
the evolving composition and corporate behavior of enterprises ????????????????ºä?巨大??´¡????¶ç?????µå?ç»?
who, in more ways than one, have contributed tremendously to ?¥æ´»?¨å?è¿??ä¸?å¹´å?????????»¬??»¥???ä»?¹´???????
the evolution and growing maturity of the Chinese economy. ?¥å????窥究ç«???
In 2017 the cross-section of participants has continued to ä»?¹´???????????????¥ç?ä¼??ä¹???????¹¿æ³??
broaden. American-invested joint ventures and wholly foreign- 代表?§ã???äº??èµ??èµ??ä¸??å¤?????ä¼??å¤?????ä¼??
owned enterprises are joined by their counterparts from other è¿????????ä»??å®¶å??°å????èµ??ä¸?»¥????¥è?å¤??ä¸?
nations and regions and by a growing contingent of Mainland ?½å¤§???ä¸????ä¼??è§?¨¡ä¸??ï¼??访ä?ä¸?????å·¥ä?è¶?50
Chinese enterprises. We see companies of all sizes, from those 人ã??¹´?¶å?ä½??ä¸??¾ä?ç¾????????ï¼????¹´?¶å?è¶??5äº?
with fewer than 50 employees and less than US$1 million in ç¾????????å·¥ä?ä¸?ºº??¤§ä¼?????è¡??ç±»å??¥ç?ï¼??è®?
revenue all the way up to companies exceeding US$500 million ä¼?????¨ç?è¡??ä»??æº?????????°å?ç«?½¯ä»¶å?ç²¾å??¶é??
in revenue and with thousands of employees worldwide. Every ä¸??è¦??äº?????æµ???¨ã??
sector of the economy is represented, from energy generation
and agriculture all the way to cutting edge-software and high- 以广ä¸??为é????????ºä??¶æ?å¤???¨å???????ä½?
precision machinery. ?°ç???????ä»?2017å¹´ç????????????ç»?¤§?¨å????
ä¼??对å????????ºè????å¢???»ä?è¯?»·ä»??????¥½??
South China, led by Guangdong Province, continues to be the ?????好â??????¶ï?大é????访ä?ä¸??ä¸??å¸??ä¾????
best location for foreign investment in China as our study shows ??§¯??????ï¼??ä»??ä¸??å¸??å¢???????¸º???è§???
an overwhelming majority of companies consider the current ?????为ä?è§?????
business environment in South China to be ??ood?? or ??ery good??.
At the same time, a similar majority proved to harbor positive ?¶è????¹æ?ä»?¹´???????????è°??ç»??ï¼?»¥???ä»?
sentiments towards the China market replying that they feel ?¢é?为æ?????¸?½è????å¢????¹¦?????è¡???¥ã???ç©?
??ptimistic?? or ??lightly optimistic?? about the economy. ??????å¾?????è§£ï???»¬???????±å?ä¸??å½?????
æµ???µå?è¿??轨迹深æ???¿§???äº?¸?½æ?åº??è¡??ç»??
The results of this year?? Study, especially when coupled with ?¹é?缺ä?è¿??ï¼???¥ä¸?½ç?æµ?????èµ°å????å??ä¸?¡®
the insights provided by the findings, research and analysis å®??§ï???以å????ä¸??å¸????¿¡å¿???¨é?????????ä»?
conducted by our team for this year?? White Paper on the Business å¤??ä¼??å¦??ï¼??严é????ï¼?¸èµ??ä¸??ä¸????¿¡å¿?¼¼
Environment in China, present a stark cause for grave concern �????�???
about the state of the Chinese economy and its current trajectory.
Because of the perception of the lack of progress of economic 对ä?ä¸?¿°è§??ï¼??ä»??以ä?ä»?¹´è°?????ä¸?ä¸??å¢??
reforms by the central government and widespread uncertainty é¢??ç»??ç»??ä¸???°æ??¾ç????ä¾?????ä¸??é¢??ï¼???´µ
about the direction of the economy going forward, confidence ???2016å¹´æ????å°?????è½?§»?°å?ä»???ºï?????¥ç?
in China has been steadily eroding, not just among the foreign ???示ï???2016å¹´ï??½ç?29.9%???访ä?ä¸?¡¨ç¤ºä?ä»?¹¶??
business community but, more ominously, it seems to us, among è½?§»???èµ???¶ä?å¸??ï¼?????å½????????ä¼??表示ä»?
Chinese businesses themselves. ä»?·²ç»???¨å????èµ?½¬ç§»å?ä¸??ä¹?????ä»??æ´²å??ºï???
ä¸????13.3%??????èµ??ä¸???11.4%??¸å¤??èµ??ä¸??
This is clearly evident when reviewing the result of one of the 26.67%???èµ??ä¸??äº?????å¤?????大æ?ä¾??17.6%ï¼?
new questions included in this year?? Study, which stated: ??¸èµ??ä¸?¡¨ç¤ºä?ä»?º¦å·²å????èµ?½¬ç§»å??¶ä?äº?´²å¸????
??id your company shift any planned reinvestments to other è¿????????ä¼??表示ï¼??ä¸??ç»?????ä¸?¶¨???ä»??
9
ä¼???´è? This year, more than 230 companies participated in what has ç?????å¸????????ºç?æµ???µç?????????ä¸??ç®?ç§?
become an annual exercise - our Special Report on the State of ???????????å·²ç???¸º???ç¾?????ä¸?å¹´ä?åº?????æ´?
Business in South China ?? the results of which always continue to ???ä»?¹´???????????????·è??¥ç?ä¼??è¶??230å®¶ï?
fascinate us, as the Study provides us with intriguing glimpses into è°??ç»??ä¹??å¦??å¾??°å?人注?????äº??ä¸??ä¸??ç»????
the evolving composition and corporate behavior of enterprises ????????????????ºä?巨大??´¡????¶ç?????µå?ç»?
who, in more ways than one, have contributed tremendously to ?¥æ´»?¨å?è¿??ä¸?å¹´å?????????»¬??»¥???ä»?¹´???????
the evolution and growing maturity of the Chinese economy. ?¥å????窥究ç«???
In 2017 the cross-section of participants has continued to ä»?¹´???????????????¥ç?ä¼??ä¹???????¹¿æ³??
broaden. American-invested joint ventures and wholly foreign- 代表?§ã???äº??èµ??èµ??ä¸??å¤?????ä¼??å¤?????ä¼??
owned enterprises are joined by their counterparts from other è¿????????ä»??å®¶å??°å????èµ??ä¸?»¥????¥è?å¤??ä¸?
nations and regions and by a growing contingent of Mainland ?½å¤§???ä¸????ä¼??è§?¨¡ä¸??ï¼??访ä?ä¸?????å·¥ä?è¶?50
Chinese enterprises. We see companies of all sizes, from those 人ã??¹´?¶å?ä½??ä¸??¾ä?ç¾????????ï¼????¹´?¶å?è¶??5äº?
with fewer than 50 employees and less than US$1 million in ç¾????????å·¥ä?ä¸?ºº??¤§ä¼?????è¡??ç±»å??¥ç?ï¼??è®?
revenue all the way up to companies exceeding US$500 million ä¼?????¨ç?è¡??ä»??æº?????????°å?ç«?½¯ä»¶å?ç²¾å??¶é??
in revenue and with thousands of employees worldwide. Every ä¸??è¦??äº?????æµ???¨ã??
sector of the economy is represented, from energy generation
and agriculture all the way to cutting edge-software and high- 以广ä¸??为é????????ºä??¶æ?å¤???¨å???????ä½?
precision machinery. ?°ç???????ä»?2017å¹´ç????????????ç»?¤§?¨å????
ä¼??对å????????ºè????å¢???»ä?è¯?»·ä»??????¥½??
South China, led by Guangdong Province, continues to be the ?????好â??????¶ï?大é????访ä?ä¸??ä¸??å¸??ä¾????
best location for foreign investment in China as our study shows ??§¯??????ï¼??ä»??ä¸??å¸??å¢???????¸º???è§???
an overwhelming majority of companies consider the current ?????为ä?è§?????
business environment in South China to be ??ood?? or ??ery good??.
At the same time, a similar majority proved to harbor positive ?¶è????¹æ?ä»?¹´???????????è°??ç»??ï¼?»¥???ä»?
sentiments towards the China market replying that they feel ?¢é?为æ?????¸?½è????å¢????¹¦?????è¡???¥ã???ç©?
??ptimistic?? or ??lightly optimistic?? about the economy. ??????å¾?????è§£ï???»¬???????±å?ä¸??å½?????
æµ???µå?è¿??轨迹深æ???¿§???äº?¸?½æ?åº??è¡??ç»??
The results of this year?? Study, especially when coupled with ?¹é?缺ä?è¿??ï¼???¥ä¸?½ç?æµ?????èµ°å????å??ä¸?¡®
the insights provided by the findings, research and analysis å®??§ï???以å????ä¸??å¸????¿¡å¿???¨é?????????ä»?
conducted by our team for this year?? White Paper on the Business å¤??ä¼??å¦??ï¼??严é????ï¼?¸èµ??ä¸??ä¸????¿¡å¿?¼¼
Environment in China, present a stark cause for grave concern �????�???
about the state of the Chinese economy and its current trajectory.
Because of the perception of the lack of progress of economic 对ä?ä¸?¿°è§??ï¼??ä»??以ä?ä»?¹´è°?????ä¸?ä¸??å¢??
reforms by the central government and widespread uncertainty é¢??ç»??ç»??ä¸???°æ??¾ç????ä¾?????ä¸??é¢??ï¼???´µ
about the direction of the economy going forward, confidence ???2016å¹´æ????å°?????è½?§»?°å?ä»???ºï?????¥ç?
in China has been steadily eroding, not just among the foreign ???示ï???2016å¹´ï??½ç?29.9%???访ä?ä¸?¡¨ç¤ºä?ä»?¹¶??
business community but, more ominously, it seems to us, among è½?§»???èµ???¶ä?å¸??ï¼?????å½????????ä¼??表示ä»?
Chinese businesses themselves. ä»?·²ç»???¨å????èµ?½¬ç§»å?ä¸??ä¹?????ä»??æ´²å??ºï???
ä¸????13.3%??????èµ??ä¸???11.4%??¸å¤??èµ??ä¸??
This is clearly evident when reviewing the result of one of the 26.67%???èµ??ä¸??äº?????å¤?????大æ?ä¾??17.6%ï¼?
new questions included in this year?? Study, which stated: ??¸èµ??ä¸?¡¨ç¤ºä?ä»?º¦å·²å????èµ?½¬ç§»å??¶ä?äº?´²å¸????
??id your company shift any planned reinvestments to other è¿????????ä¼??表示ï¼??ä¸??ç»?????ä¸?¶¨???ä»??
9

