The American Chamber of Commerce (AmCham) China on Friday said its members remained committed to the Chinese market. China is charting a new course in global development through initiatives such as the Belt and Road initiative and the Asian Infrastructure Investment Bank, which have brought opportunities for global investors, including U.S. companies, according to the AmCham China White Paper 2016.
"China remains a top-three investment priority for six out of 10 member companies," the report said, adding, "more than nine in 10 respondents believe that innovation in China will be important to their company's future growth here." According to the report, 40 percent of AmCham member companies said that more than half of their revenue in 2015 came from products or services designed, developed or tailored to local requirements, a significant increase from 32 percent in 2014.
AmCham member companies are prioritizing investment in the northern and eastern coast regions of China, followed by the southern coast and the southwest, the report said. AmCham China is a non-profit NGO whose membership comprises more than 3,500 individuals from over 1,000 companies.
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