China's economy unleashes attractiveness, the vast majority of US companies see China as a development opportunity

　　China's economy grew by 12.7% in the first half of the year, continuing to release great appeal

　　The vast majority of U.S. companies see China as a development opportunity (global hot spot)

　　Recently, the National Bureau of Statistics of China released data showing that preliminary calculations show that China's gross domestic product (GDP) increased by 12.7% year-on-year in the first half of this year.

Economic development is showing a trend of stabilization while strengthening, and stability while improving.

　　As soon as the news came out, the US media published an article quoting the views of US companies that continued economic growth made the Chinese market an opportunity that US companies should not miss.

　　It's worth staying in China

　　Recently, the National Bureau of Statistics of China announced the performance of the national economy in the first half of the year.

The latest data shows that the GDP in the first half of the year increased by 12.7% year-on-year, with a year-on-year growth of 7.9% in the second quarter.

　　CNN’s article entitled "This is the reason why American companies still want to stay in China" pointed out that China’s second-quarter GDP grew by 7.9% year-on-year, maintaining a considerable scale compared with the outbreak of the new crown pneumonia in 2020. growth of.

This data fully shows that for many American companies, staying in China is worthwhile.

　　The article also mentioned that American companies are very optimistic about their business in China.

American denim apparel group Levi's July financial report showed that the company's revenue in China in the second quarter was 3% higher than the same period in 2019.

Levi's CEO Chip Berg said: "(The Chinese market) is one of our biggest growth opportunities." PepsiCo CEO Ramon Laguata also recently praised PepsiCo's strong recovery in China.

He believes that for many companies, considering the huge consumer groups and sustained economic growth, the Chinese market is a great opportunity that should not be missed.

　　Unlike the US government's frequent tough stance on Sino-US trade, the vast majority of US companies still view China as a huge development opportunity.

　　The 2021 "China Business Environment Survey Report" released by the American Chamber of Commerce in China shows that foreign-funded companies are optimistic about their development prospects in China.

According to the report, 61% of the interviewed companies regard China as their preferred investment destination and are confident of China’s further opening of the market to foreign-funded companies. 83% of the interviewed companies indicated that they have not considered transferring production or procurement to locations outside of China. area.

　　The severe impact of the new crown pneumonia epidemic on the U.S. economy has made U.S. companies aware of the importance of the Chinese market.

"For the United States, the speed of economic recovery is still an unresolved issue." CNN published an article saying that the current U.S. economy has not yet recovered. In June, the number of domestic business travel in the U.S. was only 40% of what it was two years ago. Many US airlines recently announced another round of quarterly losses.

In this regard, the article believes that "American companies and other multinational companies are bound to continue to conduct business in China."

　　In March of this year, Boeing CEO David Calhoun also called for the U.S. government when he attended the U.S. Chamber of Commerce Aviation Industry Summit, calling for a distinction between political topics and Sino-U.S. trade relations.

He said that both Boeing and the United States still need to do business with the world's largest trading partner, and Boeing cannot afford to be kicked out of the Chinese market.

　　Reuters reported on David Calhoun’s statement that as of 2021, China has surpassed the United States to become the world’s largest single domestic travel market, which has brought huge demand for passenger aircraft.

At present, about one-fifth to one-quarter of all passenger aircraft orders of the world's two largest passenger aircraft manufacturers, Boeing and Airbus, are from China.

　　The Chinese market provides a great help

　　"After the outbreak, among the major economies in the world, China has recovered the best and has the fastest growth rate. At the same time, China has a complete industrial chain and the domestic demand market continues to expand. This is a'plus point' for American companies. Song Guoyou, deputy director of the American Research Center of Fudan University, analyzed in an interview with this reporter that in recent years, as the Chinese market has become larger and larger, many American companies not only produce in China, but also sell in China.

The Chinese market is an important part of the global sales market of these American companies.

Under the impact of the epidemic, China's economy took the lead in rebounding, and the Chinese market recovered rapidly, providing great assistance to American companies from both production and sales.

　　Recently, various international organizations have raised expectations for China's economic growth.

The World Bank raised China’s economic growth forecast for this year from 8.1% to 8.5%.

The International Monetary Fund also predicts that China's GDP growth rate this year will be 8.4%, an increase of 0.3 percentage points from expectations at the beginning of the year.

　　According to the "China Business Environment Survey Report" issued by the American Chamber of Commerce in China, 75% of the interviewed companies are optimistic about their growth in the Chinese market and China’s economic recovery in the next two years, and 57% of companies are more optimistic about their profit potential. The reason is that China's economic recovery has been relatively rapid in the post-epidemic era.

In addition, the member companies of the Chamber of Commerce stated that they can see China's improvement in intellectual property law enforcement, and its reported concerns about intellectual property leakage and data security risks have been reduced compared with recent years.

　　"China's policy continuity, completeness of infrastructure, and continuous improvement of the business environment are all valued by American companies. At the same time, China's unswerving promotion of opening up to the outside world has also increased its appeal to American companies." China Modern International Sun Lipeng, an associate researcher at the American Research Institute of the Institute of Relations, pointed out to this reporter that although some American politicians are ideologically in command and intend to "decouple" China's science and technology in order to curb the potential economic growth rate of China's innovation, they have overlooked a reality. That is, if they leave the Chinese market, many American technology companies will lose an important experimental field for transforming technology into actual productivity.

"The diversified development of the Chinese economy in the post-epidemic era not only provides opportunities for American companies in China and domestic manufacturers and retailers, but also greatly helps American technology companies to improve their innovation capabilities."

　　"China is a very important market for us, and we will continue to work hard in this market." David Gokler, the world's hard disk industry giant and the CEO of Western Digital, a US company, said frankly in an interview with the media a few days ago. It is easier said than done to decouple technology from China.

He said that many technology companies in the world hope to use the huge global market to feed back R&D and do not want the world to split into competing technology camps.

　　"Decoupling" will destroy the U.S. economy

　　According to U.S. media reports, U.S. Treasury Secretary Yellen recently stated that the Biden administration is still reviewing the China-U.S. phase one trade agreement signed in early 2020 and believes that the agreement has failed to resolve the basic issues between the two countries.

In this regard, the spokesperson of the Chinese Ministry of Foreign Affairs reiterated that the essence of China-US economic and trade relations is mutual benefit and win-win results, and a trade war will only bring about both losses.

　　"The U.S. government's China policy will have a negative impact on the normal business environment of U.S. companies, causing them to face greater uncertainty and political risks. However, companies first start their global layout from business logic. It can be seen that Even though the U.S. government has imposed various restrictions on U.S.-funded companies, the enthusiasm and motivation of U.S. companies to invest in China is still very strong, and the overall scale has not shown a significant downward trend.” Song Guoyou pointed out that China’s business environment and opening up The degree of policy interference by the US government and the judgment of US companies based on market trade-offs are three important factors that affect US companies’ investment in China.

From the perspective of the stable momentum of China's economic recovery and the ever-expanding market size, China's attractiveness to American companies is still growing.

　　Sun Lipeng also believes that China-US economic and trade ties are very close and there is still plenty of room for cooperation.

"For example, the national carbon emissions trading market has just launched. This is an opportunity for American low-carbon companies developing in China. In the field of tackling climate change, China and the United States have the possibility of cooperation on carbon emissions trading; For traditional industries such as U.S. agriculture, the Chinese market is also an important market for the U.S. economy to respond to the impact of the epidemic.

　　"The global industrial division of labor has been formed over a long period of time. Even if the U.S. government intends to adjust it for political purposes, it is unlikely to have a subversive and destructive impact in the short term." Sun Lipeng pointed out that during the epidemic, despite the U.S. government's emphasis on self-sufficiency Self-sufficient, but still imports a large amount of epidemic prevention medical supplies from China.

It can be seen that even though some American politicians advocate "decoupling" from China, there are still many rational factors that restrict it, such as market demand and corporate willingness.

　　The American Chamber of Commerce in China also stated in the white paper "American Business in China" released in May that the American Chamber of Commerce firmly opposes any complete "decoupling" between China and the United States, and believes that "decoupling" will bring huge losses to the investment and trade between the two countries. People can be winners.

"We hope that the U.S. government will realize how important it is for member companies to succeed in China. Fundamentally speaking, the idea of ​​a complete "decoupling" from the world's second largest economy will be destructive and will be essentially detrimental to the U.S. economy. destroy."

　　Yan Yu