(The 4th CIIE) HSBC Special Report: Nearly 80% of overseas companies believe that the “dual carbon” action has enhanced China’s attractiveness
China News Service, Shanghai, November 6th (Reporter Jiang Yu) HSBC released on the 6th a survey report on "Overseas Enterprises Watching China 2021: "Dual Carbon" Opens New Opportunities" specially customized for the 4th China International Import Expo.
According to the report, China’s efforts to promote carbon peaks and carbon neutrality have begun to have a positive impact. Nearly 80% (76%) of overseas companies surveyed believe that China’s green and low-carbon transformation has further enhanced the attractiveness of the Chinese market, and they are optimistic about China Over half of the companies surveyed are planning to provide more environmentally friendly and more sustainable products to the Chinese market due to business opportunities brought about by the implementation of the "dual carbon" target.
The survey was conducted for more than 2,000 companies in 10 major markets around the world.
The survey shows that at a time when the world economic recovery has not yet stabilized and there are still challenges in trade and investment, the Chinese market continues to be favored by overseas companies and is firmly overweight.
Nearly 90% (87%) of the surveyed companies expect their exports and sales to China to grow in the next year, and nearly 60% (59%) of the companies are expanding or planning to expand their supply chain layout in China next year, and most of them are affected. The manufacturing companies visited still regard China as the most attractive investment destination in Asia.
In the current global debate about zero-carbon transformation, overseas companies are particularly looking forward to China's "dual carbon" action. 86% of overseas companies said that China's "dual carbon" goal will bring important opportunities for market growth and innovation.
Specific to the industry, the growth potential of renewable energy (39%), electric vehicles (38%) and energy-saving products (35%) is the most promising for overseas companies, and the areas they plan to invest in are also dominated by these major industries.
At the same time, they have begun to take action to actively participate in China's "dual carbon" process. More than half (52%) of the companies surveyed are planning to provide more environmentally friendly and more sustainable products for the Chinese market.
Wang Yunfeng, President and Chief Executive Officer of HSBC Bank (China) Co., Ltd., said: "China's firm pace in advancing the'dual carbon' strategy has created new growth momentum for international trade and investment hit by the epidemic, and has provided global companies with broad growth. space."
In addition to the "dual carbon" opportunity, the overall growth potential of the Chinese market is also driving overseas companies to continue to increase.
More than half (52%) of overseas companies are planning to conduct mergers and acquisitions in the Chinese market this year or next year, and more than 60% (61%) said they plan to invest more than 10% of their operating profits in the Chinese market in the coming year.
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