Page 9 - 2019 Special Report on the State of Business in South China

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pute on their businesses, and have increased their 2019 ?ㄤ腑?藉??虹??╂鼎????????姣?2017骞达?杩??浼????
plans for reinvestments in the US and China accordingly. ?ㄥ?骞存??ュ??跺???勾?跺?涓??璐＄???????涓????ぇ
While it is true that China?? economy has slowed down 澶??浼??琛ㄧず锛???ㄥ??讳?????????Н???锛??姝ゆ?
slightly, it is still growing at a rate of over six percent. ???涓?姝ユ?灞??????哄?涓??甯?????瀹??锛??骞寸?
Companies which postponed their reinvestments in 2018 ???????????婊′?甯??锛????す???浜??涓????
have increased their budgets for reinvestments in China in
2019 in order to keep up with customer demand?? need ??滑?镐俊锛??涓?袱?芥?缁??杈炬??ㄩ????锛????
intensified by the postponement of their reinvestments in ???浠绘?涓??圭??崇?娴?疆灏??蹇???????澶?????涓?腑
2018. However, while the reinvestments in China related ?芥?搴??澶???存????锛?DI锛??绛???惧?锛?????瑙?
to the production for the Chinese market have increased 褰??澶??瀵逛腑?藉??ｅ????涓?????瀛????????锛?苟
substantially, a few companies have also shifted some 涓哄?浜??涓?浜???翠互????夸唬渚???俱???姝ら???涓??娓?
export-manufacturing-related reinvestments to other 璇淬????ゅ伐浣???ョ?缁??锛??????藉?浼???婚?浣??缇?
Asian countries. ?藉???】?瑰?????藉??藉?浼?互???浠?????????舵?
涔??????
Perhaps these companies are hedging their bets.
The news media has been full of lofty rhetoric and 涓?????锛??浠??寰???村????锛?箍宸??35涓??
reports of retaliatory tariffs from both sides. Most of the 甯?腑?遍????锛??娆¤???滑???璁夸?涓???负涓???????
respondents believe that the dispute between the US 杩?????????般???涔??浠ユ?涔??澶э????涓哄箍宸??涓?
and China may have repercussions long after 2019, and ?芥??板?瀹跺?灞???モ??菠娓?境澶ф咕?衡?????????涔?
that so far, the negative impact of the combined tariffs on 涓???ぇ?ㄥ?浼??瀵圭菠娓?境澶ф咕?虹??????????瑙???
companies has exceeded the positive. 搴????浼????????????╀?绮ゆ腐婢冲ぇ婀惧?瀹???????
涓?ぇ?抽?????垮????缁???????纭?璁炬????浠ュ??哄?
However, compared with the past two years, 缁?????锛??杩??涓??浜??骞?2??18?ュ?甯????菠娓?境
companies only report very slight fluctuations in the 澶ф咕?哄?灞????翰瑕?????藉?瀹??????跺?????哄?璧?
global annual revenue and annual revenue in China in 浼?????灞??杩???村?缇?ソ???浠ｏ?浣????ぇ??伐浣??
2018. An increasing number of our respondents have 寰??????
gained more revenue from China, and more companies
report that the percentage of their global annual revenue 浣?负?ユ?2300澶??浼?????????藉?浼???匡???
from China has increased compared with 2017. Most ???澶???ㄥ???复???澶у??伴?棰??涓?ぎ?垮??????ぇ
of the companies report that their overall return on ?ㄥ??????骇?????负?哄??垮??????钩瀵瑰?浠ュ?澶??
investment in China is positive and will be more willing 浼??渚???峰???钩??????骞冲????娓???????灏????
to expand the international and Chinese markets. Indeed, 灏???存?缁?????澶??浼??涓?????浼?即?虹?娉??绾?悍
this year?? Special Report is filled with both hope and a bit ?讹?浼??涓??搴????????寰?涓?????妯＄?锛?????哄?
of trepidation. ?告?浣?郴涔??琛ヤ?浜??涓??璁╀汉浣???拌???甯歌??????
涓??瀹??????
We believe that the US and China will eventually
reach a full agreement and the waves of tariffs that truly do ???锛??澶??浼??甯???辩??哄??垮?????跺?褰?
not help anyone will soon subside. That, coupled with the ???姹?徊瑁???????姹???ㄣ???浜??灞???垮?涓??归?涓?
softening of FDI rules and regulations in China, should ease ?藉????浼?即?瑰??ㄨ储?垮?绯伙?涓??归???????姝婚?
the current question marks over the long-term viability of ??????????璇ョ被浼?????绛?????瀹?????ゅ????琛?
China-based export manufacturing firms, and buy them ???瑙??锛??寰?璁╁?璧??涓???宠????涓??骞崇?寰????
some time to adapt to the alternative supply chains. We ?ㄥ????搴??锛??璧??涓??涓??绾ф?搴??璇风?浠讳?璇?
are the happiest for this as our Chamber, together with the 姹??蹇???变?涓?绾ф?搴?????涓??绾ф?搴???炽??
US Chamber of Commerce in Washington, DC, and other
business associations have worked hard through diligent ???锛??浠??淇?腑?戒腑澶??搴?缓绔??涓?????娉?
lobbying to bring about a resolution. 骞冲?锛??澶??浼???藉?????宠?锛?苟璇蜂腑澶??搴??澶??

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