🌟 In a year filled with global uncertainties, almost half of US companies operating in the Chinese mainland have reported profits in 2024! According to the 27th annual Business Climate Survey Report by the American Chamber of Commerce in China, 46% of member companies were profitable or very profitable, while 36% broke even, and 18% faced losses.
Despite the ongoing geopolitical twists and international regulatory hurdles, it's clear that the Chinese market remains a hot spot for US businesses. In fact, 48% of the surveyed companies still rank China as a top-three global investment priority. Talk about staying power! 💪
The survey also highlighted that a whopping 87% of respondents view positive bilateral relations as crucial to their operations in China, marking a 5% increase from 2023. This underscores the significance of strong US-China ties for businesses on both sides of the Pacific.
Alvin Liu, Chair of the American Chamber of Commerce in China, emphasized, \"US-China relations remain the most consequential bilateral dynamic in the world today, and understanding the perspectives of our members has never been more important. A stable and constructive relationship, grounded in economic and trade ties, is critical not only for the prosperity of our two nations but also for global economic stability.\"
For young entrepreneurs and investors eyeing global opportunities, these insights are a reminder of the vibrant possibilities that exist when cultures and economies connect. 🌏✨
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Nearly half of US companies in China report profitability in 2024
cgtn.com
