Press Conference.(Provided by AmCham South China)
Just before China’s annual “Two Sessions”, annual legislative and political advisory sessions, American companies in South China actively expressed their confidence and optimism on China and Guangdong’s economy by having increased their reinvestment budgets for 2016 by 8.79 percent.
It is in the newly-released 2016 White Paper on the Business Environment in China and 2016 Special Report on the State of Business in South China by The American Chamber of Commerce in South China (AmCham South China) on March 1st.
The 322-page White Paper, now in its eighth year, presents a highly-researched, exhaustively-cited account of the on-the-ground business environment in China and argues for the nation’s leadership to “Keep moving forward and accelerate the pace” of economic reform.
The 2016 Special Report on the State of Business, meanwhile, aggregates and analyzes the experiences of the 246 companies who participated in the chamber’s annual State of Business Study. This year 75.6 percent of participants reported that their primary business focus was providing goods or services to the Chinese market, while only 24.4 percent reported a primary focus of manufacturing for export.