Washington D.C., USA - June 24, 2024

Storyline:
Despite the challenging business environment, Chinese companies operating in the U.S. are expected to stay committed to this market in the long term, according to a report released on Monday by the China General Chamber of Commerce-USA (CGCC).

The CGCC, a non-partisan organization bridging the Chinese and U.S. business communities, launched its 11th annual business survey report in Washington during the ongoing SelectUSA Investment Summit.

Every year, the organization undertakes an in-depth survey, gathering key findings from Chinese companies doing business in the United States for insights that help set out a critical framework for companies that have a footprint in the U.S., as well as new entrants to the U.S. market.

The 2024 survey partnered with Chinese corporate leaders from 100 companies to develop effective strategies for doing business, with most of the companies representing the financial, consumer and industrial sectors.

According to the survey, it has been increasingly challenging for Chinese companies to operate in the U.S. market.

Despite the deteriorating environment and declining profit margins for some companies, a notable degree of long-term optimism persisted, with the majority of Chinese companies expressing positive future revenue expectations, the report said.

The majority of Chinese companies surveyed said they planned to maintain or increase their investment levels in the United States, the report said. And focusing on the long-term is the key to success.

The report highlights that it is those who connect with their peers and share best practices that will succeed in building thriving businesses in the U.S.

Shotlist:
Washington D.C., USA - June 24, 2024:
1. Various of sign reading "China General Chamber of Commerce - USA", "CGCC Foundation";
2. National flags of China, USA;
3. People in discussion;
4. Report;
5. Various of people in discussion;
6. Report;
7. Event in progress;
8. SOUNDBITE (English) Abby Li, director, Corporate Communication and Research, CGCC (partially overlaid with shot 9):
"Companies are facing a more complicated and challenging environment here in the U.S. Our Chinese companies are still committed to the U.S. market in the long-term because the United States remains to be their number one strategic market."
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9. Report
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10. Various of attendees;
11. SOUNDBITE (English) John Ling, founder, LinVest Investment Consulting (starting with shot 10/partially overlaid with shot 12):
"We all have seen how fast growth in China has been over the past three decades. So, everybody is in a rush. And sometimes that even applies to hundreds of millions of dollars investment. So, my recommendation has always been: do it slow at the front end."
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12. Various of attendees
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13. Various of people in discussion;
14. Sign reading "China General Chamber of Commerce - USA".

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