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Foreign firms optimistic about China investment: AmCham

Xinhua, January 20, 2016 Adjust font size:

Foreign companies still consider China one of the top investment destinations despite the country's economic slowdown, survey results showed on Wednesday.

Sixty percent of the 496 polled companies listed China as one of the top three investment destinations, while a quarter considered China the No.1 priority, according to the Business Climate Survey released by the American Chamber of Commerce in China (AmCham China).

Companies across various industries see rising consumption as well as an increasingly large middle class as creating opportunities. While China's GDP growth slowed to a 25-year low of 6.9 percent in 2015, consumption contributed 66.4 percent to that growth.

For consumer and technology and R&D-intensive companies, the official push behind integration of the Internet with more industries in China has created growth potential, while service firms are trying to monetize the global expansion of Chinese companies.

With the government listing entrepreneurship and innovation among the top priorities for development in the coming years, more than 90 percent of foreign firms agreed that the incentives will also help their own growth.

Forty percent of the surveyed companies reported that more than half of their China revenues came from products that were locally designed, developed, or at least tailored to Chinese requirements.

While companies remain concerned over uncertainty in the regulatory environment, they reported better protection of intellectual property rights and less threats on data security compared with the past few years.

AmCham China, a non-profit, non-governmental organization, polled 496 of its member companies in partnership with Bain & Company, a consulting firm. Endi