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Most US companies optimistic towards 2021 business outlook in China

2021-February-28       Source: Newsgd.com

With 2020 being the first year in which China’s economic size expanded beyond 100 trillion yuan (US$ 15.43 trillion), foreign markets continue to look at China for business opportunities in a post-pandemic world. Most companies reported positive overall returns on investment (ROI) in 2020 in China, which was higher than their global ROI, according to the latest-released reports from the American Chamber of Commerce in South China (AmCham South China).

The American Chamber of Commerce in South China released its 2021 White Paper on the Business Environment in China and 2021 Special Report on the State of Business in South China on February 28th. (Photo provided to Newsgd.com)

With 2020 being the first year in which China’s economic size expanded beyond 100 trillion yuan (US$ 15.43 trillion), foreign markets continue to look at China for business opportunities in a post-pandemic world. Most companies reported positive overall returns on investment (ROI) in 2020 in China, which was higher than their global ROI, according to the latest-released reports from the American Chamber of Commerce in South China (AmCham South China).

AmCham South China released its 2021 White Paper on the Business Environment in China and 2021 Special Report on the State of Business in South China on February 28th.

According to the reports, Guangzhou has again been selected as the number one preferred investment destination in China, this remains unchanged for four consecutive years, followed by Shanghai, Shenzhen, and Beijing. Other cities, including Dongguan, Chengdu, and Zhuhai, are found to attract investors’ interest.

The White Paper, now in its 14th year, involves the analysis of over 100 primary industries and the impact of regulatory changes and COVID-19 on each as well as an analysis of trade issues, China’s 14th Five-Year-Plan, Biden administration plans, plus many other hot topics.

The Special Report, in its 17th year, meanwhile, provides a meaningful context for this year’s responses on the business environment and development trends in South China straight from the mouth of companies operating in the heart of it.

2021 is an important year for China as it is the starting point for its 14th Five-Year Plan. Therefore, “the Chamber encourages China to further open up more to foreign investment. It implores the US and China to go back to the negotiation table and usher in a mutually beneficial relationship,” said Dr. Harley Seyedin, President of AmCham South China.

Reporter: Nan

Editor: Jerry

Editor: Hannah

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