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early all participating companies?95%?                管中美贸易关系持续紧张,仍有高达95%
               Nreport a firm commitment to maintaining             尽的受访企业明确表示将继续深耕中国市
             their presence in the Chinese market,  despite     场,该比例较2024年上升4个百分点,显示出在地缘
             ongoing  US-China  trade  tensions.  This  figure   政治不确定性中企业决心的进一步增强。
             represents a 4pp  increase from 2024,  signaling
             a strengthening of corporate  resolve amid             这一态度在不同国别企业中呈现高度共识。值得
             geopolitical uncertainty.
                                                                注意的是,91%的美资企业表示不会因贸易摩擦而选
                                                                择与中国“脱钩”,该比例同比大幅提升6个百分点。这
               This  sentiment  is  consistent  across borders.
             Notably,  91%  of  American companies state they   反映出对多数美资企业而言,中国市场的战略价值已
             will not decouple  from China  as a direct result   超越双边关系波动带来的挑战。中资企业(99%,同比
             of  the  trade tensions,  a substantial  increase of   上升3个百分点)持相同态度的比例更高,而其他国家
             6pp  year-on-year.  This suggests that for many    企业(95%,同比上升1个百分点)则保持稳定。
             US firms, the strategic imperative of the Chinese
             market outweighs the friction caused by bilateral      综合来看,本次调研展现出一种普遍而务实的企
             tensions. The sentiment is even stronger among     业战略取向:各国企业并未选择退出,而是更倾向于
             Chinese companies (99%, +3pp y-o-y) and remains    在复杂环境中积极应对、持续经营,这进一步印证了
             overwhelmingly  high  among companies from         中国在全球供应链和增长战略中不可或缺且持久的
             other countries (95%, +1pp y-o-y).                 重要角色。

               Collectively, these findings underscore a broad-
             based, pragmatic corporate strategy. Rather
             than  retreating, companies across countries
             are demonstrating a clear intent to navigate
             the complexities of the current environment,
             highlighting the deeply embedded and enduring
             role China  plays in  global supply  chains  and   Figure 57. Comparison of Intention to Decouple from
                                                                China due to US-China Trade Tensions
             growth strategies.
                                                                图表57. 因中美贸易摩擦而撤离中国市场的意向对比









 Very disappointing










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