Page 13 - THE SOUTH CHINA BUSINESS JOURNAL
P. 13
ing the press conference, Dr. Harley Seyedin, Key Takeaways of the 2024 Special
President of AmCham South China, presented Report on the State of Business in
the findings of the Special Report through South China:
comprehensive quantitative statistics and
insightful graphs. • 88% of the companies studied have already
made profits in China, among which 46%
The confidence in US-China relations starts to reported to have met their budget expectations.
rebound after an inverted V-shaped pattern 90% of American companies have achieved
between 2019 and 2022. 44% of the companies profitability in China.
studied are bullish about the bilateral relations
in the coming year, up by 17% from 2022 and • Generally speaking, companies studied believe
reaching a record high. Dr. Seyedin said, “The that they enjoy a high rate of return on investment
positive dialogues between the world’s two (ROI) in China. 80% of the participating companies
largest economies, including the high-level summit report that their overall ROI in China is positive
meeting in San Francisco last November, have or very positive, a proportion far higher than the
instilled renewed confidence in the business average positive ROI (74%) during three years
community and investors from US, China and of the pandemic (2020 to 2022). Compared with
across the globe. However, American companies their overall return on global investment, over half
have been and still are the hardest hit by both of the companies studied (51%) believe that their
countries’ tariffs. It’s time for the two governments overall ROI in China is better.
to resolve the pressing issues that matter the most
to businesses from both sides, and revitalize the • 66% of the companies studied actually
bilateral economic and trade relations.” reinvested in China in 2023, a decrease of 14%
compared with 2022, indicating a slowdown in
Eventually, we were thrilled to announce the investment pace.
lucky draw winners among the visitors and 2024
State of Business Study participants. Onsite • 4% of the companies studied had each
Winners were given gift vouchers from Mado and budgeted to reinvest US$250 million or more in
Hotel Coupon sponsored by Fraser Suite Hotel China in 2023. Our study shows that precisely the
Guangzhou. Four winners out of this year's survey same proportion of companies actually reinvested
participants were given coupons to experience that amount in the same year.
one Executive hotel room at Fraser Suite Hotel &
3*1000 RMB cash prize. • Not a single company declared a complete
withdrawal from the Chinese market. Guangzhou
has been ranked the most preferred investment
destination in China for seven consecutive years,
followed by Shenzhen, Shanghai, and Beijing.
• 44% of the companies studied are bullish about
the bilateral relations in the coming year, up by
17% from 2022 and reaching a record high.
SOUTH CHINA BUSINESS JOURNAL 10
President of AmCham South China, presented Report on the State of Business in
the findings of the Special Report through South China:
comprehensive quantitative statistics and
insightful graphs. • 88% of the companies studied have already
made profits in China, among which 46%
The confidence in US-China relations starts to reported to have met their budget expectations.
rebound after an inverted V-shaped pattern 90% of American companies have achieved
between 2019 and 2022. 44% of the companies profitability in China.
studied are bullish about the bilateral relations
in the coming year, up by 17% from 2022 and • Generally speaking, companies studied believe
reaching a record high. Dr. Seyedin said, “The that they enjoy a high rate of return on investment
positive dialogues between the world’s two (ROI) in China. 80% of the participating companies
largest economies, including the high-level summit report that their overall ROI in China is positive
meeting in San Francisco last November, have or very positive, a proportion far higher than the
instilled renewed confidence in the business average positive ROI (74%) during three years
community and investors from US, China and of the pandemic (2020 to 2022). Compared with
across the globe. However, American companies their overall return on global investment, over half
have been and still are the hardest hit by both of the companies studied (51%) believe that their
countries’ tariffs. It’s time for the two governments overall ROI in China is better.
to resolve the pressing issues that matter the most
to businesses from both sides, and revitalize the • 66% of the companies studied actually
bilateral economic and trade relations.” reinvested in China in 2023, a decrease of 14%
compared with 2022, indicating a slowdown in
Eventually, we were thrilled to announce the investment pace.
lucky draw winners among the visitors and 2024
State of Business Study participants. Onsite • 4% of the companies studied had each
Winners were given gift vouchers from Mado and budgeted to reinvest US$250 million or more in
Hotel Coupon sponsored by Fraser Suite Hotel China in 2023. Our study shows that precisely the
Guangzhou. Four winners out of this year's survey same proportion of companies actually reinvested
participants were given coupons to experience that amount in the same year.
one Executive hotel room at Fraser Suite Hotel &
3*1000 RMB cash prize. • Not a single company declared a complete
withdrawal from the Chinese market. Guangzhou
has been ranked the most preferred investment
destination in China for seven consecutive years,
followed by Shenzhen, Shanghai, and Beijing.
• 44% of the companies studied are bullish about
the bilateral relations in the coming year, up by
17% from 2022 and reaching a record high.
SOUTH CHINA BUSINESS JOURNAL 10
