In 2016 alone, Chinese firms bought an array of US companies, technology, and property estimated to be worth around $45.6 billion. (Photo : Getty Images)
According to recent surveys, a huge number of American businesses have shown optimism over investing in South China, a report from China Daily stated.
Reports from the South China branch of the American Chamber of Commerce (AmCham) noted that majority of the firms they surveyed describes that the current business environment in this part of the country, particularly Guangdong, as "good" or "very good."
Of the 230 companies included in the surveys, the similar majority shared that they also feel "optimistic" or "slightly optimistic" towards China's economy.
AmCham South China members are eyeing to expand their operations in the country this year. Based on the 2017 Special Report on the State of Business in South China and on the 2017 White Paper on the Business Environment in China, the branch has allotted a budget worth $12.6 billion in profits to fund the expansion projects.
On April 19 to 22, AmCham South China announced that they are set to host this year's edition of the APCAC Asia-Pacific Business Summit in Guangzhou.
The event expects the attendance of over 600 industry and business leaders. It will also be participated in by top government officials, ambassadors, and media and academic figures from the United States and from across 22 countries in the Asia-Pacific region.
Meanwhile, the firms that confirmed their attendance to the summit are reported to have a cumulative annual sales volume of over $600 billion.
Currently, AmCham South China lists "more than 2,300 corporate and individual members," China Daily wrote.
Back in March last year, Premier Li Keqiang revealed that China is actually giving investors from the U.S. to have more access to the country's lucrative market. He made the announcement while the two giant economies were under negotiations for the Bilateral Investment Treaty (BIT).
Huang Wei, director of Chinese Academy of Social Sciences' Institute of World Economics and Politics, noted back then that "China will further open its market to foreign companies in the future despite the many challenges it faces during the current economic structural transformation."
