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US Businesses in China: Insights from 2021 AmCham White Paper


State of US Investment in China: Insights from 2021 AmCham White Paper
May 25, 2021 Posted by China Briefing
Written by
Alexander Chipman Koty
Reading Time:
5 minutes
A majority of US businesses remain optimistic about growth opportunities in China and intend to increase their investments. They believe China will steadily increase the pace of its market opening; geopolitics and labor costs have not persuaded firms to relocate as the focus turns to China’s domestic consumption power.
The pandemic, US-China tensions, prevailing market access barriers, and grievances over unfair regulatory enforcement have been cited as the main challenges for US businesses in China. ....

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Hainan offers HK win-win opportunities


By Liang Haiming |
CHINA DAILY |
Updated: 2021-05-11 07:58
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By making the development of the Hainan Free Trade Port a national strategy, the central government hopes to break through the blockade imposed by the United States and other Western countries, offset the effects of their attempts to decouple the Chinese economy from some Western economies, and explore a better development model, which could be used as reference for other Chinese cities to better promote national economic development.
The Hainan Free Trade Port s development is aimed at attracting more capital, technology and talents and build Hainan into another Singapore, Dubai or Hong Kong in the future. The fields Hainan will open up for the outside world to explore include but are not limited to tourism, transportation, finance, business services, healthcare, education, culture and entertainment. ....

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New event shows demand for consumer goods--China Economic Net


 
The China International Consumer Products Expo, or the Hainan Expo, is a new platform to highlight China s consumption power globally and offer companies opportunities to diversify market channels, according to business leaders and government officials.
 
More than 1,300 brands from 69 countries and regions are participating in the flagship expo in South China s Hainan province from May 7-10. They said the event, held in Haikou, the provincial capital, not only builds a platform for global brands to enter the Chinese market via Hainan Free Trade Port, but helps them better tap into the latest industry trends and initiate new practices that could set the tone for growth in the country. ....

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Cultivated liaisons


ZENG YI/FOR CHINA DAILY
To adapt to changes in the international and domestic situations, China needs to adjust its international agricultural cooperation strategies during the 14th Five-Year Plan period (2021-25).
Since it joined the World Trade Organization in 2001, China has shifted from a net exporter of agricultural products to a net importer and surpassed the United States as the world s largest net importer of agricultural products after 2012. The rapid import growth can be attributed to China s economic growth and people s increased income, rather than insufficient grain output or security issues. Similarly, the US was once the world s largest importer of agricultural products due to the large market demand of its high-income people. ....

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