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China Business Climate Survey Report 2018
William Zarit, 蔡瑞德 2018.02.13
This year’s Business Climate Survey captures the sentiment of global businesses operating in China at a critical moment in US-China relations. Conducted from late October to late November of 2017, it reflects a mood of cautious optimism coincident with President Donald Trump’s first state visit to China, and immediately following China’s 19th Party Congress. Respondents are more confident about China’s commitment to open its economy than they were at this time last year. Members also had a generally positive outlook for US-China bilateral relations. Some 36% believe relations between the two countries will improve in 2018, a figure much higher than last year’s 17%, and possibly influenced by the perceived success of Trump’s visit to China and that of President Xi Jinping’s earlier trip to the US. Revenue and profits are up among respondents and the digital economy appears especially strong. There are challenges as well, however. Native Chinese companies are increasingly formidable competitors and talent retention is increasingly difficult. At the same time, long-time concerns remain, including unclear and inconsistently enforced laws and regulations and foreign companies’ continued sense of being less welcome in China than before.
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