XIAMEN, Sept. 7 (Xinhua) -- Harley Seyedin, president of the American Chamber of Commerce (AmCham) in South China, Friday said he is optimistic about American investment prospects in China.
"The future of business investment for American companies in China is bright," Seyedin said at a press briefing ahead of the China International Fair for Investment and Trade (CIFIT) in the southeastern coastal city of Xiamen.
China, now part of the global economy, has huge growth potential in the future, said Seyedin.
"China represents opportunities for not just American companies, but for any foreign companies and foreign investment here," he said.
China remains popular among international investors. For 53.3 percent of companies surveyed, China took the top spot in their global investment plans, Seyedin said citing a survey released in the first half of the year.
The combined budgeted reinvestment of the surveyed firms for 2018 is expected to rise by nearly 12 percent in a bid to expand operations and grab larger market shares, he said.
AmCham South China is attending the four-day CIFIT, which is to open Saturday, for a 16th consecutive year. Its delegation includes over 50 executives and representatives from companies including P&G and Citibank.
Members of AmCham South China inked more than two billion U.S. dollars of investment deals on average in each of the past 15 CIFITs, according to Seyedin.
With more than 2,300 members, AmCham South China provides dynamic, on-the-ground support for American and international companies doing business in south China.