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American Chamber of Commerce in South China
(AmCham South China) released its 2024 Special
Report on the State of Business in South China on
February 27, 2024. The release was attended by over
200 government officials, business executives and
members of media including over 40 foreign consulates
mostly represented by their consuls general.
The 196-page bilingual 2024 Special Report on the State
of the Business in South China, the 20th such endeavor,
provides a comprehensive and quantitative analysis
of the business community and valuable insights into
the development trends in South China. This year,
183 companies participated in the study in total. This
publication is researched and produced independently by
AmCham South China and does not represent the opinions
of the US or any other government or organization.
AmCham South China does not receive any funds from any
government in the production of this publication.
The Chinese economy in 2023 has beaten its growth
target with GDP expanding at a rate of 5.2% and
reaching a total of US$17.52 trillion. The country is
expected to contribute around one third of global
economic growth, remaining a crucial locomotive in
promoting the world’s economy which has been well
demonstrated in our previous study.
Dr. Harley Seyedin, Chairman and President of AmCham
South China, winner of 2017 Oslo Business for Peace
Award (together with Elon Musk, Durreen Shahnaz
and Murad Al-Katib), which is awarded by an Award
Committee of Nobel Laureates in Peace and Economics,
said, “A study by Enright, Scott and Associates, shows
foreign invested enterprises account for 33% of China’s
GDP and 27% of its employment, while US companies
contribute to China’s GDP each year more than 180
times the value of the usual measure of US FDI inflow.”
Seyedin continued, “This explains the reason foreign
enterprises, however cautiously, continue their interest
in the Chinese market in spite of continued difficulties
facing all companies due to impact of three years of
Covid-19, interruptions in the supply chain, shipping
container shortages, exorbitant cost of international
travel and logistics, and anemic world demand.”
SOUTH CHINA BUSINESS JOURNAL 8
(AmCham South China) released its 2024 Special
Report on the State of Business in South China on
February 27, 2024. The release was attended by over
200 government officials, business executives and
members of media including over 40 foreign consulates
mostly represented by their consuls general.
The 196-page bilingual 2024 Special Report on the State
of the Business in South China, the 20th such endeavor,
provides a comprehensive and quantitative analysis
of the business community and valuable insights into
the development trends in South China. This year,
183 companies participated in the study in total. This
publication is researched and produced independently by
AmCham South China and does not represent the opinions
of the US or any other government or organization.
AmCham South China does not receive any funds from any
government in the production of this publication.
The Chinese economy in 2023 has beaten its growth
target with GDP expanding at a rate of 5.2% and
reaching a total of US$17.52 trillion. The country is
expected to contribute around one third of global
economic growth, remaining a crucial locomotive in
promoting the world’s economy which has been well
demonstrated in our previous study.
Dr. Harley Seyedin, Chairman and President of AmCham
South China, winner of 2017 Oslo Business for Peace
Award (together with Elon Musk, Durreen Shahnaz
and Murad Al-Katib), which is awarded by an Award
Committee of Nobel Laureates in Peace and Economics,
said, “A study by Enright, Scott and Associates, shows
foreign invested enterprises account for 33% of China’s
GDP and 27% of its employment, while US companies
contribute to China’s GDP each year more than 180
times the value of the usual measure of US FDI inflow.”
Seyedin continued, “This explains the reason foreign
enterprises, however cautiously, continue their interest
in the Chinese market in spite of continued difficulties
facing all companies due to impact of three years of
Covid-19, interruptions in the supply chain, shipping
container shortages, exorbitant cost of international
travel and logistics, and anemic world demand.”
SOUTH CHINA BUSINESS JOURNAL 8
