Page 8 - 2024 Special Report on the State of Business in South China

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President?? Message 浼???磋?

Dear Members, 灏????????

Greetings, and welcome to the ?ㄥソ锛??杩??璇诲?????藉?浼??骞村害????????
20th annual edition of the AmCham South China ????虹?娴???电?????????璇ユ????浠?凡杩?画???
Special Report on the State of Business in South 浜??骞淬???荤??ヨ?锛????????????绀轰??ㄥ?澶?????
China. Combined, our annual reports represent ?? ?? ?? ?? 娈? ?? ?? ?? 缂? 褰? ??? 骞? ???? ?? ?? ?? ?? ??? ?? 绀?
a unique history of foreign business trends in 澶? 璧? 浼? 涓? ?? 涓? ?? 缁? 娴? ?? 灞? ?? 缁? ?? ?? 澧? ?? ??? 杩? ?? 甯?
China one snapshot at a time. This year?? edition ????2023骞翠???勾锛???藉???????涓??瀹??杩??浜?
continues the narrative of growth, turmoil, 浼??锛?袱?介?瀵间汉杩??浜??娆℃?寮?????寮??浼????
and hope. The last half of 2023 saw meetings ??????宸茬????浜??浜??灞??浣???ヨ????澶??瑕?
between US cabinet members and their Chinese ??????棰???敖绠＄?娴??瀹跺父璇达?璐告???病??耽瀹讹???
counterpart, and both formal and informal talks 涓哄??圭?????戒?涓???????2018骞磋?2020骞存??达?
between the presents of our great nations. We 缇????腑?介??ヤ???20涓?邯30骞翠唬浠ユ???澶ц?妯＄?
are at a moment where some progress has 璐告????浼撮????????崇?婵?澧??甯??娣蜂贡锛?互?????
been made, but many more issues that need to 缁??????峰?琛伴??????恒???涓鸿锤?????????????涓?
remain on the table for future agreements. Even ?戒?2020骞?1???缃蹭?涓??绗???舵?缁?锤??????璇?
though economists routinely say that no one ??????淇??浜??????崇??跨?锛???藉?涓???????
wins a trade war because costs rise on all sides, ????惰捣灏变??村??ㄣ??
between 2018 and 2020, the US and China fought
the biggest trade war since the 1930s, hiking ?ㄩ?灏?钩???瀵间?锛?腑?戒?涓??绾?70骞翠唬???濮?
tariffs, upending markets, and threatening to 浜??杈炬???勾???娴???╄?绋???腑?芥??句??藉?瀵圭?
plunge the global economy into recession. The 娴???у?锛??璁哥??ヤ?涓??灞????杩??缇???????锤
two sides signed a Phase One trade agreement ???缁??浠????????????わ?涓??浜?2001骞?12???
in January 2020, which acted as a kind of truce ?ヤ?璐哥?缁???惰????╁?2001骞翠腑?藉??ヤ???锤???
in the trade war. But the deal left nearly all the 缁?????涓ゅ?璐告?灏卞凡???寮?灞???1979骞翠互?ワ?缇??涓?
tariffs in place, so American pressure on China 涓????锤??????澧??锛??涓轰袱?界?娴???抽?瑕????
has continued since then. ?????浠??涓??宸叉?涓虹??藉??????????澶у??ｅ???
涔??锛?????戒???腑?界???澶у??ｅ??轰?涓???腑缇??
China began a decades-long process of 杈硅锤??府?╃??介?浣??娑?垂??环?硷????浜??涓????
economic reform in the late 1970s under the 娑???腑?界????缇??绗??澶у??ｅ??猴?浠??浜???垮ぇ
leadership of Deng Xiaoping. His government ???瑗垮????涓?锤????藉????锛?S-China Business
loosened state control over the economy and Council锛?2022骞寸?涓?浠芥????绀猴?瀵瑰??哄?涓虹??芥?
allowed private industry to develop. After 渚??100澶??涓?氨涓??浣???
protracted negotiations with the United States
and other World Trade Organization members, ???娑?垂甯????????澶т互????挎??舵?????
China joined the WTO in December 2001; however, ???绂т?浠ｇ????锛?腑?界????绉??杩??浜??椋???腑
trade between the two countries was growing
even before China joined the WTO in 2001. US
trade with China has grown exponentially since
1979 and has become crucial for both countries.
Today, China is one of the largest export markets

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