Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

China still remains 'bright spot' for US companies (2)

(China Daily)

15:07, October 24, 2012

Foster said: "We don't see a large group of US companies in China either returning to the US, or moving to other Asia-Pacific countries. They are fully focused on the Chinese market, and if so they are usually expanding or diversifying their operations, but they are not moving out of China."

She said more than 60 percent of US companies are in China for the Chinese market 69 percent placed China in their top three investment destinations, while more than 76 percent wanted to increase their investment in China in 2012. "Our companies are still optimistic about investment in China," she said.

With China's once-in-a decade transition of power imminent, Foster said that no matter who the country's new leaders were, she expected many policies covering investment and economic development to continue.

"What is very important is that they have also worked in provincial areas and have a lot of exposure to foreign business," she said. They would be "quite familiar" with international trade and economic development and the challenges and opportunities for foreign companies, she added.

The leadership transition, or the 18th National Congress of the Communist Party of China, is scheduled to take place on Nov 8. Amcham Shanghai said: "China will remain a key market for US companies. Continuing a trend of 'in China for China', US companies are strengthening their connections outside China to boost their Chinese operations, and 62 percent of the companies imported parts or finished goods from the US into China in 2011."

【1】 【2】 【3】


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Helicopter formation of PLA army aviation force

  2. Four "gun masters" of PLA Beijing MAC

  3. James Bond and his girls on big screen

  4. Elderly people in pictures

  5. China (Shengyang) Int'l Automobile Fair opens

  6. China's economy has bottomed out

  7. J.K. Rowling's new book gets Chinese version

  8. Charming Indian models

Most Popular


  1. China's development benefits all: U.S. city official
  2. Vested interests must not prevent gaokao reform
  3. Economic strains put Hollande on back foot
  4. Sino-Cambodian ties undimmed by Sihanouk’s death
  5. US should engage Asia as a partner
  6. US risks losing neutrality over Diaoyu
  7. New energy initiatives just for show
  8. Commentary: Shining a light on lower taxes
  9. U.S. needs to rethink how to partner China
  10. China needs to rebuild economy

What’s happening in China

All IDs to be checked on trains to Beijing

  1. Mo's Nobel may pull in 200m yuan by year's end
  2. Villagers find deposits in loan co-ops vaporize
  3. Police probe doctors in human egg case
  4. Chinese daughters more filial than sons
  5. Wuhan to get 200-m ferris wheel