Today I attended a lunch organized by AmCham Shanghai to present their 2010-2011 China Business Report. It was a really interesting presentation and the survey brings, as in previous occasions, good insights on how US companies are performing and how they see their future ahead in China (I would imagine we could extrapolate a lot of those insights to other countries’ realities)
These are a few highlights of the survey results: (more to come)
-companies are not just doing well… they seem to be doing great “reporting all-time performance highs”
- 87% of the companies reported “revenue growth” (Vs. 47% in 2009)
- 79% reported being “very profitable” or “profitable” (Vs. 65 % in 2009)
- 61% reported market share gains (Vs. 40% in 2009)
And they feel the future ahead is equally bright- with 71% of the companies expecting increase revenue growths by more than 10% in 2011.
Having said that, China is still a challenging market, with a wide range of issues like HHRR constraints, lack of transparency, protectionism, IP risks… just to mention a few. But today I will finish the post on a positive note and will write about some of those challenges in future posts.