"Speaking of the difficulty of US companies in making profits in China, 97 percent of US companies said they are profitable in the Chinese market, and 74 percent of American Chamber of Commerce members in China plan to further expand investment in China. More than 95 percent of the companies stated that they were not required to transfer technology to China," Hua quoted the 2019 Member Survey Report released by the US-China Business Council.
USCBC in the News
Regarding the so-called difficulties of US companies in making a profit in China, I think you may still remember the 2019 China Business Environment Member Survey released recently by the US-China Business Council. The result shows that 97% of surveyed US companies have made profits in Chinese markets, 74% of AmCham China members plan to expand investment in China and over 95% surveyed companies say they were never asked to transfer technologies to China. I wonder how Mr. Pompeo came to the conclusion...
The US-China Business Council also said it received a copy of the “Draft Implementing Regulations of the Foreign Investment Law.” It’s a good signal that China has approached a number of foreign companies and associations for consultations on the review process, and the document contains a number of encouraging areas, Jake Parker, senior vice president at the US-China Business Council, said in an email. However, he listed some points of concern as the draft.