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People's Daily Online>>China Business

China investment set to increase

By Li Wenfang  (China Daily)

09:07, February 29, 2012

GUANGZHOU - Members of the American Chamber of Commerce in southern China plan to invest more in China in the coming years despite a sluggish global economy, according to a survey published on Tuesday.

The survey, which interviewed 461 companies, said the members' budgets call for increasing their spending in China by 21.4 percent for the next three years.

The survey polled businesses in Guangdong, Fujian and Hainan provinces, as well as the Guangxi Zhuang autonomous region and Chongqing. Many small and medium-sized businesses took part in it this year.

The chamber estimated that the nearly 2,000 members will spend about $11.7 billion in the next three years to expand their businesses in China, said Harley Seyedin, chairman of the chamber, at a press conference.

Those plans were an about-face from the budget figures reported in the survey for last year.

In that report, the chamber's members said their budgets called for their investments in China to decrease by about 8 percent over the course of three years.

About 57 percent of the companies in the survey this year say their 2011 budgets call for investing more in China.

About 88 percent of the companies surveyed say they are already profitable or expect to make a profit in two years, and about 70 percent of the already profitable companies said they expect to meet or exceed their profit targets.

Seyedin said it is hard to explain exactly why the companies intend to invest more in the next three years. Two likely reasons are the absence of a large number of investment opportunities in the rest of the world and the room for growth in the Chinese market.

"They are very successful companies ... but still have a small share of the (Chinese) market," he said.

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