On 27 May 2021, the American Chamber of Commerce in Southwest China (AmCham Southwest China) held “American Businsess in China Forum & Summer Mixer” in Chengdu and exclusively released “2021 American Business in China White Paper” (“White Paper”) which was recently published in Southwest China. Representatives from the top 500 companies in southwestern China, business leaders, celebrities and officers from governments attended the event. On the occasion, wonderful keynote speeches were given by executives from Chengdu International School, JLL, MetLife Insurance, W Chengdu and HSBC. As a leading telecommunications service provider, HKT was also invited to the event and setup a booth to have in-depth exchanges of views with experts from the financial, manufacturing, service consulting, and education industries.

(Representatives from HKT)

The White Paper is now in 23rd edition. Throughout the chapters, more than 900 foreign companies operating in China, as members of the AmCham Southwest China, discuss the challenges that faced by different industries and they offer practical advice on tackling such challenges. In this year’s White Paper, member companies generally had a positive attitude towards China’s market growth, profit potential and business environment. And 75% of the US companies were optimistic about China’s economic recovery in the next two years. Despite the economic uncertainties, 85% of companies had no plan to move their production or procurement out of China. Two-thirds of the American companies planned to increase their investment in China this year, while 61% believed China would continue to open up its market.

(Sharing session in the forum)

The COVID-19 pandemic and a more complicated political and economic situation have brought different challenges to foreign companies in China. On the other hand, the vigorous development of China’s business continues to create new opportunities for them. In the face of uncertain development trends, foreign companies in China are more desperate for smooth and efficient communication and information exchange, so that their headquarters and Chinese branches can connect seamlessly. Besides, there is a need for trustworthy and resourceful service providers who can respond quickly to issues in different regions at any time and handle them flexibly.

As an enterprise based in Hong Kong, HKT understands network bottlenecks encountered by foreign companies in China. And we can offer professional advice on localised network construction based on our long-term services in the Mainland. Many foreign companies in China have successfully constructed dedicated networks which are secure and stable, by relying on HKT’s internet connectivity solutions and network management services. As a result, their branches in China can better access other business applications, staying ahead and afloat in the ever-changing market environment.