Page 36 - AmCham South China 2026 Special Report on the State of Business in South China
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n 2025, 63% of the companies studied reported 025年，63%的受访企业表示已在华开展实
Ireinvesting operations in China, representing 2际再投资，该比例同比小幅上升2个百分点。
a modest increase of 2pp year-on-year. Analysis 按企业来源国分析可见显著差异：中资企业的再投资
by corporate origin reveals significant variation. 意愿明显更强，2025年进行了在华实际再投资的企
Chinese companies demonstrated a significantly 业比例大幅上升12个百分点至80%。相比之下，美资
stronger commitment to reinvestment, with the 企业中进行再投资的比例下降4个百分点至53%，其
share rising sharply by 12pp to 80%. In contrast, 他国家企业亦下降3个百分点至58%。
the proportion of American companies reinvesting
declined by 4pp to 53%, while companies from
other countries decreased by 3pp to 58%. 从行业层面来看，制造业与专业服务业中已开展
在华再投资的企业比例均有所上升，分别达到64%，
At the sector level, both manufacturing 较2024年提高了8个百分点和4个百分点。相比之下，
and professional services industries saw an 消费产品及服务行业的再投资比例则微降1个百分点
uptick in reinvestment activity, each reaching 至63%。
64%?representing increases of 8pp and 4pp,
respectively. Conversely, the consumption
products and services sector experienced a
marginal decrease of 1pp to 63%.
Figure 32. Actual Reinvestment in China (2020-2025)
图表32. 在华实际再投资情况 (2020-2025)
Yes
是
No
否
Figure 33. Actual Reinvestment in China in 2025 (by Origins of Companies)
图表33. 2025年在华实际再投资情况（按照国家来源划分）
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