2023 White Paper on the Business Environment in China and 2023 Special Report on the State of Business in South China
The American Chamber of Commerce in South China (“AmCham South China”) released its 2023 White Paper on the Business Environment in China and 2023 Special Report on the State of Business in South China on February 27, 2023, in Guangzhou. The release was attended by over 300 government officials, business executives, and members of media including over 51 foreign consulates mostly represented by their consuls general. This is the fifth consecutive year that Belink has provided Chinese-English translation services for the White Paper and Special Reports.
华南美国商会（下简称“美商会”）今日举行其《2023年中国营商环境白皮书》（下简称《白皮书》 ）及《2023年华南地区经济情况特别报告》（下简称《特别报告》 ）发布会。300多名政府官员、企业高管和媒体成员参加了此次发布会，其中包括51家主要由总领事出席的外国驻穗领事馆。这是Belink连续第五年为《白皮书》和《特别报告》提供中英翻译服务。
Both publications can be downloaded free of charge from：
These two annual research reports, released by AmCham South China, show that China’s economy is on a fast road to recovery and that foreign companies’ large reinvestments were postponed in 2022 but their appetite for reinvestment remains high.
It is important to note that the gathering of the study data was completed by December 15th, 2022, shortly before China ended its zero covid policy. Therefore, the study data has not been impacted by the immediate emotional impact of the policy change. The Chamber plans on conducting a mid-year study to determine the accurate and actual impact of the policy change. Both publications are researched and produced independently by AmCham South China and do not represent the opinions of the US or any other government or organization. AmCham South China does not receive any funds from any government in the production of these publications.
The 481-page bilingual White Paper on the Business Environment in China, now in its 16th year, is a well-structured and extensively-researched volume which presents a multifaceted and unbiased account of the business environment in China.
The 141-page bilingual Special Report on the State of the Business in South China, our 19th such endeavor, provides a comprehensive and quantitative analysis of the business community and valuable insights into the development trends in South China.This year 210 companies were studied.
By means of quantitative statistics and graphs, President of AmCham South China, Dr. Harley Seyedin briefed over 300 keen attendants on this year’s findings.
According to the 2023 Special Report on the State of Business in South China, companies are cautious about high-volume reinvestments (more than US$250 million) but their appetite for exploring the Chinese market remains strong. 75% of the companies plan to reinvest in China in 2023 and they have set aside a whopping US$18.3 billion in cash for reinvestment over the next three to five years.
It’s worth mentioning that the investment enthusiasm of companies is on an upward trajectory, with four-fifths of companies that actually reinvested in China in 2022.
Most companies still consider China as a critical part in their future strategic development plans. 75% of the participating companies plan to reinvest in China in 2023, including 68% of American companies that are determined to dig deeper into the Chinese market.
Meanwhile, 74% of the participating companies chose not to shift their investments out of China. Not a single company has intention to leave China entirely. And Guangzhou has been recognized as the top preferred investment destination in China six years in a row, followed by Shenzhen, Shanghai, and Beijing.