global economyresearch report

White paper on China’s business environment in 2021 From American Chamber of Commerce in South China

The following is the White paper on China’s business environment in 2021 From American Chamber of Commerce in South China recommended by recordtrend.com. And this article belongs to the classification: global economy , research report.

Key points of the 2021 white paper on China’s business environment

94% of American enterprises are optimistic about the Chinese market.

None of the companies interviewed said they wanted to leave China completely.

Although China’s attractiveness as a manufacturing base is gradually declining, more than half of the companies surveyed still list China as the first choice for global investment plans.

Although a series of factors such as COVID-19 led to the serious impact of the global economy in 2020, the actual reinvestment of enterprises in China in 2020 decreased only slightly.

The huge growth potential, favorable policies and uncertainties of COVID-19 in other countries have increased interest in investing in China or transferring investment to China.

73% of US funded enterprises and 70% of Chinese funded enterprises plan to reinvest in China in 2021, while only 57% of enterprises from the European Union and other countries and regions said they have reinvestment plans.

Although China’s economic growth will slow down to a new low in nearly 30 years in 2020, nearly half of the enterprises interviewed still have confidence in the expansion plan in 2021.

Most of the companies surveyed still have plans to expand in China in the next three years.

In view of the long-term impact of COVID-19, the proportion of enterprises expanding in China in the next three years will reach the lowest level in five years.

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