HSBC Import Expo Report: The Chinese market becomes the "growth pole" of global enterprises

　　(The 3rd China International Import Expo) HSBC International Expo Report: The Chinese market has become the "growth pole" of global enterprises

　　China News Agency, Shanghai, November 6th (Reporter Xia Bin) The third China International Import Expo was held here. HSBC released a customized report for the CIIE, showing that global companies are focusing on China, the fastest-growing major economy Regarding it as the hope for business growth in the next few years, China has become a rare and valuable business "growth pole" for global companies in the downturn in the world economic environment.

　　The above report is based on a survey of 11 overseas markets around the world. It shows that although many companies were forced to reduce their international business and focus on local development in the past year, they are still optimistic about the growth prospects of the Chinese market.

Among them, three-quarters of the surveyed companies expect their exports or sales to China to grow in the next two years, and one-fifth of the companies expect the growth to exceed 20%; among the companies that have exported or sold to China , More than two-thirds of companies said that China is among the top three key markets for business expansion in the next two years.

　　Wang Yunfeng, President and Chief Executive Officer of HSBC Bank (China) Co., Ltd., said that China's rapid recovery from the new crown epidemic is the main reason why interviewed companies maintain an optimistic outlook on the Chinese market. This has also played a very positive role in stabilizing the global industrial chain.

　　According to the report, China will continue to play a key role in the global supply chain.

Although some overseas markets had concerns about excessive concentration of production facilities during the epidemic and tried to promote value chain restructuring, the report shows that not only there is no obvious sign that global companies are preparing to withdraw their supply chains from China, but many interviewed companies also plan Increase the supply chain layout in China.

　　The report shows that three-quarters of the companies surveyed expect to increase the proportion of their supply chains in China in the next two years, and more than 40% plan to increase the proportion of China's supply chains by 10% or more.

Taking the US market as an example, 70% of US companies surveyed plan to increase the supply chain in China, and one in five US companies plan to increase it by 20% or more in the next two years.

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