Sixty-six percent of American companies describe themselves as committed to China. That’s according to a study published by the American Chamber of Commerce in South China on Tuesday.
The report, cited by multiple media outlets, was based on a survey of 183 member companies conducted late last year, with almost half of the firms hailing from the US and the rest originating from the European Union and elsewhere.
The study found that 76 percent of the respondents planned to reinvest in China this year, despite ongoing geopolitical tensions between Beijing and Washington.
“Not a single company declared a complete withdrawal from the Chinese market,” noted the head of AmCham South China, Harley Seyedin, who spoke during a press conference on Tuesday.
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He said that the business sector and investors in the US, China and around the world have “renewed confidence” as a result of the interactions between the two nations such as the San Francisco summit last November.
According to the report, 88 percent of the businesses surveyed were operating profitability in China, with 90 percent of the US companies polled doing so.
Some 57 percent of companies ranked China among their top three investment destinations – up from 52 percent in 2022.
The data also indicated that 75 percent of the companies regarded the environment for doing business in Southern China as “excellent” or “good,” a year-on-year increase of 1 percent.
