Foreign Firms to Expand in China Despite Challenges, HSBC Says
This article is for subscribers only.
International firms are expanding their businesses in China despite trade tensions and supply-chain challenges from the pandemic, a HSBC Holdings Plc. survey finds.
Ninety-seven percent of surveyed companies said they intend to keep investing in China, mainly due to the country’s sizable market, expectations of continued economic growth and well-developed supply chains, according to the bank’s survey of 2,174 foreign firms. Of those, 19% plan to invest 25% or more of their operating profit in China, while another 42% report intended investment of between 11% and 25% of their profits.