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outbreaks could help China reinvest in projects of $250 million More changes will provide greater
prepare to reopen its borders. But or larger. In 2021, 5 percent of flexibility for individuals who
if not, the Omicron wave "could companies had each budgeted qualify as high-level foreign talents
cause significant downside to $250 million or more while this and are intended to attract more
China's GDP growth and disruption year 10 percent of the companies top international talents to China
to the global supply chains in have budgeted to do so. for industries such as energy
the near term, and potentially production. Further relaxation of
accelerate the decoupling and This will, however, be possible only visas for foreign experts is also
supply chain relocation in the when China allows foreign experts needed to build the new factories
medium term". needed to import and install the with new technologies which will
advanced technology equipment increase GDP through improved
Economists widely expect Beijing to and production lines required productivity and production of new
roll out more easing measures as by these large investments. It is and modern products needed for
leaders have promised to give priority important to keep in mind that the growth of consumerism.
to stability. And to ensure stability foreign personnel who are already
in the market, China will require in China are primarily operators of China will achieve its economic
sufficient power generation in order existing factories, and expatriate goal by taking proper steps to
to propel its economic machine. expert builders are needed for new further open up the economy,
greenfield projects. China's central making it easier for small
AmCham South China's "2022 authorities need to continue to ease businesses and young minds to
Special Report on the State of rules for the Foreign Talent (R) visa use innovative means to propel
Business in South China" shows for high-level foreign professionals China into the next phase and a
that its members and those of in science, international enterprises host of other reforms.
other countries which participated and other high-demand fields to
in its studies, have doubled their develop the economy.
budgets for 2022 from 2021 to
SOUTH CHINA BUSINESS JOURNAL 22
prepare to reopen its borders. But or larger. In 2021, 5 percent of flexibility for individuals who
if not, the Omicron wave "could companies had each budgeted qualify as high-level foreign talents
cause significant downside to $250 million or more while this and are intended to attract more
China's GDP growth and disruption year 10 percent of the companies top international talents to China
to the global supply chains in have budgeted to do so. for industries such as energy
the near term, and potentially production. Further relaxation of
accelerate the decoupling and This will, however, be possible only visas for foreign experts is also
supply chain relocation in the when China allows foreign experts needed to build the new factories
medium term". needed to import and install the with new technologies which will
advanced technology equipment increase GDP through improved
Economists widely expect Beijing to and production lines required productivity and production of new
roll out more easing measures as by these large investments. It is and modern products needed for
leaders have promised to give priority important to keep in mind that the growth of consumerism.
to stability. And to ensure stability foreign personnel who are already
in the market, China will require in China are primarily operators of China will achieve its economic
sufficient power generation in order existing factories, and expatriate goal by taking proper steps to
to propel its economic machine. expert builders are needed for new further open up the economy,
greenfield projects. China's central making it easier for small
AmCham South China's "2022 authorities need to continue to ease businesses and young minds to
Special Report on the State of rules for the Foreign Talent (R) visa use innovative means to propel
Business in South China" shows for high-level foreign professionals China into the next phase and a
that its members and those of in science, international enterprises host of other reforms.
other countries which participated and other high-demand fields to
in its studies, have doubled their develop the economy.
budgets for 2022 from 2021 to
SOUTH CHINA BUSINESS JOURNAL 22
