reply 80% of surveyed U.S. companies are profitable in China

At the regular conference held on September 29, CCPIT responded to the recent introduction of a series of China-related restrictive measures by the U.S. side, including raising the 301 tariffs on some Chinese goods and strengthening export restrictions on quantum computing, semiconductor manufacturing and other technologies. Wang Linjie, spokesperson of CCPIT, said that in recent years, the US has continuously generalized the concept of national security, violated the principle of market economy, politicized and weaponized economic, trade and science and technology issues, and that the WTO has long ruled that the US 301 tariffs are in violation of WTO rules.“The U.S. 301 tariff measures are typical of unilateralism and protectionist practices, and these behaviors have seriously affected the stability and smooth flow of the global supply chain, including semiconductor and other science and technology manufacturing industries, and seriously harmed the legitimate rights and interests of the relevant countries and enterprises.” Wang Linjie said.Wang Linjie introduced, in the recently held APEC Business Advisory Council (ABAC) 2024 third meeting, China and the United States business representatives jointly proposed to promote the adoption of the meeting of the Asia-Pacific Supply Chain Cooperation Principles, emphasizing the adherence to the supply chain openness and cooperation and non-discrimination, supply chain policy should be in compliance with the WTO rules and to avoid distortions of trade and investment, and other opposition to “decoupling The specific demands of “breaking the chain” were incorporated into the report to APEC leaders, which fully reflected the voices of the Asia-Pacific business community, including the U.S. and China business enterprises.According to the report, the National Committee on U.S.-China Business released the “2024 China Business Environment Survey” and 140 member enterprises participated in the survey. 77% of the respondents had a good understanding of the business environment in China. Among them, 77% of the respondents have been operating in China for more than 20 years, and 40% of the respondents had revenues of more than 1 billion dollars in China last year. The survey shows that U.S. companies have stabilized their revenues in China over the past year, 80% of the surveyed companies have achieved profitability and plan to reinvest the profits they have generated in China this year, and U.S. companies are still willing to plough deeply into the Chinese market, which they generally consider as a key part of their global layout.“This shows that for the global business community, including U.S. companies, no one is willing to 'decouple and break the chain', cooperation is still the mainstream, and win-win is the goal.” Wang Linjie said. CCPIT and CICC, on behalf of the Chinese business community, called on the U.S. side to respect the rules of international trade and economic cooperation, and from the perspective of mutual benefit and win-win situation, to stop setting up artificial barriers to normal technical cooperation and economic and trade exchanges, and advocated that the two sides should join hands to strengthen mutual trust and cooperation, solve problems through dialogue and consultation, avoid the misuse of export control measures, and effectively safeguard the legitimate rights and interests of enterprises, so as to jointly safeguard the security, stability and smooth flow of the global industrial chain supply chain. The two sides should work together to strengthen mutual trust and cooperation, avoid abusive export control measures, effectively safeguard the legitimate rights and interests of enterprises, and jointly maintain the security, stability and smooth flow of the global industrial chain.