According to a survey from the US Chamber of Commerce in Shanghai, 77 percent of US companies in China were making profits in 2016, up 6 percentage points from 2015. Some 73.5 percent reported increased revenue, up 12 percentage points from a year earlier.
In the first half of 2017, FDI into China's high-tech manufacturing and services rose 11.1 percent and 20.4 percent year on year, respectively, outstripping general FDI growth rates.
Such investment is increasingly about leveraging a booming Chinese consumer market and meeting China's desire to develop innovative high-tech industries.
The appeal of nearly 1.4 billion consumers and an economy in a historic transitioning has brought over $1.7 trillion of investment to China and will continue to create tremendous business opportunities.
A survey from the European Union Chamber of Commerce in China showed that 51 percent of EU business in China said they would boost their presence, compared with 47 percent recorded in 2016. According to a UN survey, China remains one of the most popular destinations for multinationals.
Over the past three decades, multinationals have played an overwhelming role in China, bringing money, know-how and jobs to the once-closed economy that is now eager to become open and market-driven.
China has created 11 free trade zones where foreign firms can escape red tape when applying for registration. It is shortening the list of sectors that are off-limits to foreign investors, as with reducing market entry restrictions for industries such as transport and financial services. (Source: China Daily)
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