Page 13 - 2022 Special Report on the State of Business in South China

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panies believe that it will take longer than six years 路缁?ぇ?ㄥ????浼??璁や负?跺????讳?????????负姝?
to become profitable. ?笺??害浜??涔?????涓??涓虹?姣?????讳???????????跺?
???讳??????????楂???ぇ?ㄥ?浼??瀵逛腑?藉??虹?澧?????
路A large number of companies report positive 瑙????害锛?敖绠¤?姣??杈??骞村?姣?????7%??77%??
overall return on investment (ROI) in China. About three-
fifths of the companies even consider their ROI in China 路瀵规????涓ゆ?璋??缁??锛??浠???颁??电揣缂虹??靛?寰?
to be higher than their global ROI. Most companies still 澶х?搴??寰??浜??瑙ｃ???璁夸?涓??缁???靛???己????撮???
take a sanguine view of the business outlook in China, ???瑙???害锛?????璁夸?涓??涓虹?缂洪?棰????2022骞寸?涓?
though the percentage dropped by 7% from a year 瀛ｅ害缁??????拌В?炽??
earlier to 77%.
路涓??渚???????????璧?????锛??涔?????浼????
路Our two studies note that the electricity shortage ?╀腑?戒?涓烘?璧?????涔????
situation has been much improved with companies
showing optimism for an end to shortages. Almost half 路2021骞磋?琛??????????????涓??姣??姣????
of the companies expect the shortages to be resolved 5%锛??澶????????姘村钩???璧??涓?2021骞村????姣??楂?
by the end of the first quarter of 2022. 杈?80%??2021骞存?缁??瀹??杩?2.5浜跨??????????涓??渚?
???骞撮?浼扮?涓ゅ???棰??灏????2024骞翠???勾GDP????裤??
路China is enjoying the highest popularity of all
time as one of the preferred investment destinationas 路浼??浠??涓??甯????弧淇″???2021骞达?77%???涓???
by an overwhelming majority of the studied companies. ?╀???腑?戒互澶???藉?杞?Щ?????病??换浣??涓?〃绀鸿?瀹??
?ょ?涓?????煎?娉ㄦ????锛?2021骞村?璁夸?涓??璧????????
路The actual reinvestment in China in 2021 娲插????甯??杞?Щ???瓒ｆ???澧????
experienced a year-on-year growth of 5%, closing the
gap to the pre-pandemic level. 80% of the American 路涓??缁??澧???剧?锛??浼????????渚??寮哄????杩?
companies reinvested in 2021. In 2021 twice as many 70%???涓?〃绀哄?2022骞存????璧??????朵腑???76%??
companies reinvested US$250 million or more than 缇??浼????2022骞村???????棰??棰??杩?2.5浜跨????浼??
they had budgeted, which is expected to result in GDP 姣??涓?10%锛??杈??骞村???5%??
growth in the second half of 2024.
路棰??2022骞村????涓??浜?勾浼???ㄥ??╂鼎???璧??
路Companies still have huge faith in the Chinese 绠??灏?揪??265浜跨?????歌??诲勾?捐?澧??浜?45%??
market, 77% of which chose to keep their investment in
China in 2021. Not a single company showed intention 路绾?72%???璁夸?涓?????涓?勾??????寮??璁″?,杈?
to leave China completely. Noticeably, European and 涓?勾???7%??
North American markets have greater attractions for a
limited amount of shifted reinvestment this year. 路2021骞达?骞垮?杩?画绗??骞磋????浼????负?????杩??
??????锛??娆″????娣卞????娴峰???含??
路Companies still take a strong interest in
reinvesting in China despite its economic slowdown. 路????板??ュ??????画?瑰??讳????涓??瓒????
More than 70% have reinvestment plans for 2022,
including 76% of American companies. The percentage 路绾?????涓?????浼??琛ㄧず???????稿?绛捐?涓??
of companies with budgeted reinvestment of over 琛???剁?褰卞???
US$250 million in China increases from 5% in 2021 to
10% in 2022. 13

路It is estimated that companies will reserve
US$26.5 billion from profits for reinvestment in China
in 2022 and the next three to five years, a dramatic
increase of 45% compared to the previous year.

路Roughly 72% of companies intend to expand in
China over the next three years, 7% up from last year.

路2021 marks the fifth consecutive year that
Guangzhou remains the top reinvestment destination
in China. Shenzhen, Shanghai and Beijing are also
ranked as the most favored reinvestment cities by the
studied companies.

路The business environment in South China shows
an upward spiral of improvement in recent years.

路Roughly three quarters of companies report that
pandemic-induced restrictions of visa and travel took a
toll on their operations.

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