As the world’s two largest economies, China and the United States have deeply intertwined economic interests. Amid the evolving landscape of China-U.S. economic and trade ties, what are the U.S. business community’s views on the Chinese market?
In an exclusive interview with Beijing Review reporter Zhang Shasha, Michael Hart, President of the American Chamber of Commerce in China (AmCham China), shared his perspectives on foreign investors’ perceptions of the Chinese market, China’s present and future opportunities for overseas businesses, as well as the pivotal role of China-U.S. economic and trade relations for both nations and the world at large. Edited excerpts of the interview follow:
Beijing Review: With many years of business experience in China, you have witnessed the changes in and developments of the Chinese market. What opportunities has the Chinese market provided for U.S. companies and investors?
Michael Hart: It has been almost 30 years that I’ve been in Greater China. China has changed a great deal during that time. Thirty years ago, many companies were just setting up operations here to manufacture and source goods. Over that time, China has become the leading place in the world for manufacturing. It has not just become a cheap location to produce but has also become a place that’s well-known for cutting-edge, top-level manufacturing and sourcing.
China’s place in the world has also changed. It has risen in terms of GDP, and now it is
