ZCZC
BCN-35
AMERICAN-CHAMBER-INVESTMENT-CHINA
AmCham South China says future bright for U.S. investment in China
XIAMEN, Sept. 8, 2018 (BSS/Xinhua) – Harley Seyedin, president of the
American Chamber of Commerce (AmCham) in South China, Friday said he is
optimistic about American investment prospects in China.
“The future of business investment for American companies in China is
bright,” Seyedin said at a press briefing ahead of the China International
Fair for Investment and Trade (CIFIT) in the southeastern coastal city of
Xiamen.
China, now part of the global economy, has huge growth potential in the
future, said Seyedin.
“China represents opportunities for not just American companies, but for
any foreign companies and foreign investment here,” he said.
China remains popular among international investors. For 53.3 percent of
companies surveyed, China took the top spot in their global investment plans,
Seyedin said citing a survey released in the first half of the year.
The combined budgeted reinvestment of the surveyed firms for 2018 is
expected to rise by nearly 12 percent in a bid to expand operations and grab
larger market shares, he said.
AmCham South China is attending the four-day CIFIT, which is to open
Saturday, for a 16th consecutive year. Its delegation includes over 50
executives and representatives from companies including P&G and Citibank.
Members of AmCham South China inked more than two billion U.S. dollars of
investment deals on average in each of the past 15 CIFITs, according to
Seyedin.
With more than 2,300 members, AmCham South China provides dynamic, on-the-
ground support for American and international companies doing business in
south China.
BSS/XINHUA/HR/1450