Page 10 - 2020 Special Report on the State of Business in South China

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and released a Special Report on the Impact of COVID-19 濂借浆?垮ご浠???虹????杩??濡?????浠朵?椤哄?杩??锛?
Coronavirus Outbreak in late February. According to 灏???磋?涓?灞??匡??ｅ氨??腑缇?袱?借揪???浜??娈靛?
our recent polling of members as of March 6, 95% of 璁???????璁?『?╄揪???缁?????????搴??灏??浠ヨˉ
our companies and 93% of factories were operational. ????ㄧ?缁??灏???板己???婵???
About 80-85% of workers have returned to work. Many
companies are working overtime, and companies with 涓轰?淇???介?璐告?锛?腑缇?袱?藉?椤诲??拌??ゆ?涓?
offices in office buildings are implementing staggered 缁х画璋??锛?腑缇???逛??芥?寮虹????瀵瑰???В?崇?
shifts to manage people flow. We are currently calling ?朵????杩??璋????????澶х?涓や釜缁??浣???ヤ?
members to determine the impact of the outbreak 涓ラ???锤???绐???????????????ユ?寰?锛?????
on the supply chain. As of the end of February, 100% 浠峰?兼???嚎缇?????????跺?绋?互???瀵规?锛??瀵?
of difficulties reported by our members were solved 璇ヤ?浠跺苟??府?┿???璁や负锛??澶ч?搴??????茬????
within 24 hours from the time of being relayed by us ???锛??浠????负?板??????瀹?????????腑缇?袱??
to relevant government officials. 蹇?』?卞?缁存??介?绉╁?涓??????ｃ??腑缇??绯诲???
涓哄?杈瑰?绯荤?绋冲????涓??????藉???己???娌????
Economic growth in much of the world slowed in ?垮?璇?В璇??????瑰?浠ヤ?璧风?姝ｈ??荤????锛?负??
the last quarter of 2019 as consumers became more ?ョ?涓??缁?????涔??瀹??浣??璐＄???
cautious about spending, leaving the economies
vulnerable as they begin to feel the effects of the ?界???2018骞翠互?ワ?涓???崇郴灞＄?娉㈡?锛??涓??
outbreak in China. It remains clear that business as ???缇???????????涓???ㄤ????搴??缁??浣??
usual has not fully resumed. One thing that can help ?插????浠??骞寸?????????????帮??ㄤ腑?斤??跺????
would be a Phase II deal between the US and China. ?╄?????????????瀵圭ǔ瀹?????惰?澶???藉???
This would supply a needed boost to international 琛ㄧず锛??浠???板?涓??????ョ?姣??琛?????澶??浣?
economies as they restock necessary inventory. ?剁??╄????浼???朵??????敖绠″??ㄥ?绉??棰??
浜??锛?腑?戒??舵?瓒????????浼????????澶ф?
For the sake of international trade, the US 璧?????涔??锛??涓?????璧?????渚??寮虹???
and China must return to the negotiating table.
Both countries have a big incentive to agree to the ?界???腑缇??涓??舵?缁?锤?????凡缁?揪???浣??澶?
additional issues that are still unresolved. The world's 澶????????浼??璁や负涓??璐告?浜???????2020骞?
two biggest economies have been locked in a bruising ??骇???????????????灞??垮????杈?ぇ??????
trade conflict. Hitting each other with rhetorical 杩硅薄琛ㄦ?锛?????搴??宸茬????瑙??锛???′?搴??宕?
volleys and tariffs on hundreds of billions of dollars?? 婧?苟???浜哄咖澶┿???绉???典?锛?????娴?“??涔?苟涓?
worth of goods is not helping the process. I believe ?ヨ????浜??绉?????缇?????????冲????澶у???
the key to minimizing conflict is if we can develop ???锛??渚???ㄧ?渚???剧?瀛????澶??涓??????界?
shared standards for emerging technologies. Our 瑁?????锛?????????堕?浠跺??芥????涓?????
nations must cooperate to preserve a prosperous 瀹躲???濡??浠???????功???绌朵腑??璇达?瑕??浠ｇ????
international order. US-China ties would be a stabilizer 渚???撅???瑕?2-3涓?嚎缇?????姝わ?杩??渚???剧?涓や釜
for bilateral relations. Both sides should strengthen 涓昏?缁??浣??瑕??涓??缁х画璋??锛?缓绔??浠?????
strategic communication to avoid misunderstandings ?扮???ǔ瀹?????杩???抽?瑕???
and misjudgment. Together we can right the wrongs
of the past and deliver a future of economic justice ??滑??瑕??????ㄤ?????ㄥ?浣??瀛??浠绘????
and security. ??换???娓?ぇ瀛??Michael Enright????规?澶??
?存??????????涔??寮?灞??16涓?????绌躲???绌?
While the bilateral relationship between the US 琛ㄦ?锛?钩??????澶?????浼??锛?IEs锛?????涓??涓?
and China has gone through many ups and downs ???涓???DP??27%??氨涓??浼????绌惰?琛ㄦ?锛??娴?
since 2018, many AmCham South China members 67%??伐涓?骇?哄?90%???????骇?洪????璧??涓?
have withstood the impact to various degrees. ???????2019骞达?涓?????GDP绾?14.2涓?嚎缇??锛??
Our Special Report this year found relatively stable ???涓?姣??锛?????璧??涓???朵腑缇????????澶т?
revenue, profitability, and return on investments in ?ㄥ?锛??缁??浜у?绾?4.68涓?嚎缇?????涓??ㄥ?缁????
China. While more US companies witnessed decline ???锛???板?浜跨??????澶??璇哄?澶ч?璧???㈡?????
in revenues from China than their counterparts, their
profitability remained better than the others. In spite
of all the problems and controversies, China remains
one of the top three investment destination in the
world by more than a half of studied companies.
Willingness to reinvest in China remains strong.

Even after the first phase of Trade Agreement
was reached, an overwhelming majority of surveyed
South China companies believed the dispute was
likely to escalate in 2020. Much has changed with
the Novel Coronavirus outbreak. There are signs the
world?? supply chain in being overstretched and the

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