ThisaerialphototakenonJune10,2023showsthenightviewoftheurbanareasinGuangzhou,southChina'sGuangdongProvince.(Xinhua/LiuDawei)GUANGZHOU,Feb.28(Xinhua)--Themajorityof183companiesstudiedareoptimisticaboutthegrowthoftheChinesemarket,accordingtoareportreleasedbytheAmericanChamberofCommerceinSouthChina(AmChamSouthChina)onTuesday.Ofthesecompanies,76percentplantoreinvestinChinain2024.ForthosewhohaveplansforreinvestmentinChinain2024,45percentstatethattheirprimaryareaofinvestmentfocusesonsales,marketingandbusinessdevelopment.Otherkeyareasincluderesearchanddevelopment,automationandproductivitydevelopment,accordingtothereport.TheannualspecialreportonthestateofbusinessinsouthChinaisregardedasanimportantwindowintoChina'sbusinessenvironment.Thisyearmarksthe20threleaseofthereportbyAmChamSouthChina.TheenterprisesstudiedbythereportcomefromtheUnitedStates,China,theEuropeanUnionandothercountriesandregions,ofwhichwhollyforeign-ownedenterprisesaccountformorethanhalf.Americancompaniesrepresentnearlyhalfofthebusinessesstudied.Eighty-sixpercentofthecompaniesstudiedclaimthattheywillnotdecouplefromtheChinesemarketduetothetradetensionsbetweenChinaandtheUnitedStates.In2023,62percentofthecompaniesstudiedchosenottoshifttheirinvestmentsoutofChina.Sixty-sixpercentofAmericancompaniesclaimthattheywillremaincommittedtotheChinesemarket,representingthehighestproportionofallbusinessesstudied.PotentialgrowthoftheChinesemarketistheprimarydriverforincreasinginvestmentsinChinaorshiftinginvestmentsfromothermarketstoChina,followedbyindustrialclustereffectandpreferentialpolicies,saidHarleySeyedin,presidentofAmChamSouthChina.Overhalfofthecompaniesstudiedbelievethattheiroverallreturnoninvestment(ROI)inChinaisbetter,comparedwiththeiroverallreturnonglobalinvestment.Eighty-eightpercentofthecompaniesstudiedhavealreadymadeprofitsinChina,amongwhich46percentreportedtohavemettheirbudgetexpectations.Moreover,90percentofAmericancompanieshaveachievedprofitabilityinChina,accordingtothereport.Fifty-sevenpercentofthestudiedforeigncompaniesconsiderChinaoneoftheirtopthreeinvestmentlocationss,anincreaseof5percentfrom2022.Guangzhou,thecapitalcityofGuangdongProvinceandknownassouthChina'smanufacturinghub,hasmaintaineditsstatusasthetopinvestmentdestinationinthecountryforsevenconsecutiveyears,followedbyShenzhen,ShanghaiandBeijing.TheproportionofcompaniesthatconsidertheoverallbusinessenvironmentinsouthChinaas"excellent"or"good"grewby1percentto75percent.OverhalfofthecompaniesstudiedseeanimprovementinthebusinessenvironmentinsouthChina,anuptickof5percentcomparedwith2022,saidthereport.Editor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.