CGCC Releases 11th Annual
Business Survey Report on Chinese Enterprises in the U.S.
WASHINGTON, July 8, 2024
/PRNewswire/ -- On Monday, June
24th, 2024, China General
Chamber of Commerce-USA and
CGCC Foundation launched their 2024 Annual Business Survey
Report on Chinese Enterprises in the U.S.
Held at the Omni Shoreham Hotel in Washington D.C., the launch event gathered
over 300 guests from business, government, and non-profit sectors
to further promote the sustainable growth of the U.S.-China
economic relationship and share experiences of Chinese investment
in the U.S.
Emceed by Peter Reisman, Co-Chair
of the CGCC GR-PR Committee, Managing Director & Chief
Communications Officer of Bank of China U.S.A., the event marked the official launch
of CGCC's 11th Annual Business Survey on
Chinese Enterprises in the United
States.
During the discussion, Abby LI, Director of Corporate
Communication and Research at CGCC, shared some of the key findings
from the 2024 report, "While we observed that 45% of the companies
surveyed reported that they felt a moderately declined environment
operating in the U.S., Chinese companies are still committed to the
U.S. market in the long term."
While sharing his experiences helping Chinese companies
establish their presence in the U.S., John LING, Founder of LinVest
Investment Consulting, emphasized that companies looking to be
successful in the U.S. market should be very proactive in their
local communities. "Don't just keep your heads low and just mind
your own business. You need to be part of the community you
operate. Be supportive to many of the local actors and utilize as
much help as you can find," commented Mr. LING.
Discussions surrounding Chinese investment in the U.S. continued
into the second half of the program with a panel discussion titled,
"Chinese Corporate Presence and Investment in the U.S.," which was
moderated by Shau ZHANG, Partner and Leader of Americas China
Overseas Investment (COIN) at Ernst & Young LLP (EY).
Featuring, Yujia (Yu) GU, Vice President of HEYTEA USA Inc; Johnson QIN, Chairman of the Board
& CEO, Shenzhen Capchem Technology Co.Ltd; Zhanfu (Jeff) YU,
Senior Corporate Management Consultant; and Bella TU, Vice
President of MINISO Group, the panel enabled audience members to
learn about the overall experiences of major Chinese companies who
have successfully entered the U.S. market.
CLICK HERE to read the 2024 survey report
CLICK HERE to view more photos from the event
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SOURCE China General Chamber of
Commerce - USA