|By PR Newswire||
|February 25, 2014 10:58 PM EST||
GUANGZHOU, China, Feb. 25, 2014 /PRNewswire/ -- The American Chamber of Commerce in South China (AmCham South China) today released its 2014 Special Report on the State of Business in South China and 2014 White Paper on the Business Environment in China.
"I think the key take away from our latest research is that private enterprises are 100 percent behind President Xi and his colleagues in the Politburo," said AmCham South China President Harley Seyedin. "We all have tremendous confidence in the ability and dedication of these men as they guide China toward a brighter, more prosperous future."
The Special Report collects and analyzes the results of AmCham South China's ten-year-running study of companies' experiences in South China. This year, data showed that more than 73 percent of participating companies were primarily engaged in producing goods or services for the domestic Chinese market, rather than manufacturing in China for export to other countries. As late as 2006, a strong majority reported being engaged primarily in manufacturing for export.
This year, 84 percent of study participants ranked the business environment in South China as "Good/acceptable", "Very good" or "Outstanding"; meanwhile, roughly 50 percent of participants felt the business environment had improved over the past 12 months against 22 percent who felt it had worsened.
81 percent of study participants reported that they had taken advantage of the labor market to hire new employees, leading the business organization to estimate that its members had hired nearly 774,000 new employees over the course of 2013.
Reinvestment budgets continued their recovery from a multi-year slump which coincided with the worldwide economic slowdown, with study participants reporting 1-year reinvestment budgets 30 percent higher than those for 2013. Based on that growth, AmCham South China estimates that its more than 2,000 members have allocated in excess of $13 billion to expand their operations in China.
That growth can be explained by high levels of profitability: 92 percent of participants reported either being profitable already or expecting to reach profitability within 2 years. Despite strong performance, however, 43 percent indicated that they were not meeting budget expectations for profitability. This, says Mr. Seyedin, can be primarily attributed to growing competition from increasingly-sophisticated domestic enterprises.
The lists of participants' major concerns at the present and over the coming three years continue to be topped by "Regulatory Issues (Chinese Government)," a result which is perhaps unsurprising given that the local regulatory environment for companies is the one most likely to have an impact on their operations. Other concerns include local competition, rising labor costs, difficulty finding both skilled and generalist employees as well as foreign competition.
Another question, intended to track perceptions of external risk, saw companies tagging "Increasing inflation" and "Increasing minimum wage standards" as the two biggest sources of concern for future operations. Equal numbers of participating companies felt appreciation of the RMB's value would have positive and negative effects on future operations.
Asked about a hypothetical Free Trade Zone in South China, roughly 42 percent of participants indicated interest in expanding into such a zone while 30 percent showed no interest or ambivalence. 28 percent of participants reported that they were uncertain about potential positive or negative effects of such a move.
Meanwhile, 54 percent of participants indicated that a more freely-convertible yuan would have a positive effect on their China operations, a slightly larger majority than those indicating that a more freely-convertible yuan would have a positive effect on their company's global operations. In both scenarios roughly 16 percent of participants were unsure about what effect such a change might have, and in both cases approximately 30 percent reported that easier convertibility would actually have a negative effect on their operations in China and internationally.
The White Paper, now in its sixth edition, argues in favor of a new wave of economic reform aimed at stimulating the private sector and unlocking the innovative potential of China's as-yet small entrepreneurial community.
Both documents may be downloaded free of charge from the chamber's website at www.amcham-southchina.org.
About The American Chamber of Commerce in South China
The American Chamber of Commerce in South China (AmCham South China) is a non-partisan, non-profit organization dedicated to facilitating bilateral trade between the United States and the People's Republic of China. Certified in 1995 by the U.S. Chamber of Commerce in Washington D.C., AmCham South China represents more than 2,000 corporate and individual members, is governed by a fully-independent Board of Governors elected from its membership, and provides dynamic, on-the-ground support for American and International companies doing business in South China. In 2013, AmCham South China hosted nearly 10,000 business executives and government leaders from around the world at its briefings, seminars, committee meetings and social gatherings. The American Chamber of Commerce in South China is a fully-independent organization accredited by the U.S. Chamber of Commerce in Washington, D.C. All AmChams in China are independently governed and represent member companies in their respective regions.
SOURCE AmCham South China
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Aug. 28, 2016 08:30 PM EDT Reads: 1,806
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Aug. 28, 2016 08:15 PM EDT Reads: 1,927
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 28, 2016 07:30 PM EDT Reads: 675
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 28, 2016 06:30 PM EDT Reads: 1,601
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 28, 2016 06:00 PM EDT Reads: 1,913
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Aug. 28, 2016 05:30 PM EDT Reads: 729
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 28, 2016 03:15 PM EDT Reads: 3,486
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 28, 2016 03:00 PM EDT Reads: 740
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 28, 2016 01:45 PM EDT Reads: 3,651
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 28, 2016 01:00 PM EDT Reads: 2,418
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 28, 2016 12:15 PM EDT Reads: 845
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 28, 2016 11:45 AM EDT Reads: 684
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 28, 2016 11:30 AM EDT Reads: 1,955
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 28, 2016 11:00 AM EDT Reads: 701
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 28, 2016 11:00 AM EDT Reads: 3,124