Su­vey shows Hubei ef­fec­tively at­tract­ing Amer­i­can com­pa­nies

Changjiang Weekly - - TOP NEWS - By Sue Liu

AmCham China re­leased the

2018 China Busi­ness Cli­mate Sur­vey Re­port in Wuhan on March

21. This is an an­nual re­port put out by AmCham China since

2009.

Sixty-four per­cent of AmCham China mem­bers re­ported rev­enue growth in 2017, up from 58 per­cent the pre­vi­ous year. Most mem­bers re­gard China as a pil­grim­age des­ti­na­tion for busi­ness; one-third of them plan to ex­pand their in­vest­ments in China by more than 10 per­cent in 2018.

Ac­cord­ing to Alan Beebe, pres­i­dent of AmCham China, 58 per­cent of their Wuhan chap­ter mem­bers shared the point of view that Hubei plays an ef­fec­tive role in at­tract­ing and work­ing with for­eign in­vestors. AmCham China is head­quar­tered in Bei­jing and has one of its branches in Wuhan. The Wuhan branch rep­re­sents U.S. com­pa­nies in Cen­tral China. By the end of 2017, 593 Amer­i­can en­ter­prises had re­lo­cated in Wuhan with a to­tal in­vest­ment of USD

2.47 bil­lion.

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