Page 17 - SCBJ-201610
P. 17
October 2016
American Multinationals Cautiously
Optimistic on Future of Chinese Market
Two-Third anticipate Continued Growth
THE US-CHINA BUSINESS Coun- confidence. Even so, China remains Picture from http://blog.briskinfosec.com/
cil (USCBC) recently released its a priority market for American com-
annual Member Survey report, which panies. Of the Top 10 challenges, six would be
captures how American companies improved by a high-standard US-Chi-
view the changing business environ- “Ninety percent of companies say na Bilateral Investment Treaty. “I an-
ment in China, including the country’s China growth prospects are the same ticipate that the ongoing negotiations
economic slowdown, operational or better than other emerging mar- on the bilateral investment treaty will
challenges, and questions about policy kets,” said Frisbie. “To the American be high on the agenda for President
direction. USBC membership consists business community, there’s no ignor- Obama’s meeting with President Xi
of more than 200 American multina- ing the second largest economy in the Jinping in early September in China,”
tional corporation doing business in world.” said Frisbie.
China.
“China’s growth slowdown is impact-
ing American company financials and
market sentiment. The report show
that nearly 20 percent of respondents
expect revenue to decline this year,
though two-thirds anticipate contin-
ued growth,” said USCBC president
John Frisbie.
Despite slowing revenue growth, 90
percent of companies surveyed remain
profitable, but at reduced rates that
reflect increasing competition, rising
costs, and regulatory impediments.
The report also finds that uncer-
tainty about China’s economic reform
policies is undermining business
15
American Multinationals Cautiously
Optimistic on Future of Chinese Market
Two-Third anticipate Continued Growth
THE US-CHINA BUSINESS Coun- confidence. Even so, China remains Picture from http://blog.briskinfosec.com/
cil (USCBC) recently released its a priority market for American com-
annual Member Survey report, which panies. Of the Top 10 challenges, six would be
captures how American companies improved by a high-standard US-Chi-
view the changing business environ- “Ninety percent of companies say na Bilateral Investment Treaty. “I an-
ment in China, including the country’s China growth prospects are the same ticipate that the ongoing negotiations
economic slowdown, operational or better than other emerging mar- on the bilateral investment treaty will
challenges, and questions about policy kets,” said Frisbie. “To the American be high on the agenda for President
direction. USBC membership consists business community, there’s no ignor- Obama’s meeting with President Xi
of more than 200 American multina- ing the second largest economy in the Jinping in early September in China,”
tional corporation doing business in world.” said Frisbie.
China.
“China’s growth slowdown is impact-
ing American company financials and
market sentiment. The report show
that nearly 20 percent of respondents
expect revenue to decline this year,
though two-thirds anticipate contin-
ued growth,” said USCBC president
John Frisbie.
Despite slowing revenue growth, 90
percent of companies surveyed remain
profitable, but at reduced rates that
reflect increasing competition, rising
costs, and regulatory impediments.
The report also finds that uncer-
tainty about China’s economic reform
policies is undermining business
15
