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US companies positive on long-term opportunities in China

By Yang Yang | chinadaily.com.cn | Updated: 2019-11-08 10:15
Matthew Margulies, vice-president of the US-China Business Council China Operations, poses for a photo in Shanghai on Nov 7, 2019. [Photo by Yang Yang/chinadaily.com.cn]

American companies take a long-term view of the relationship and they generally have a positive view about the opportunities here in China, said Matthew Margulies, vice-president of the US-China Business Council China Operations, in Shanghai on Thursday.

"Despite the near-term frictions, they are committed to being here and selling to the China market. Our companies are in China to serve China, so I think participation in this conference (CIIE) really underscores that point," Margulies said.

The second CIIE reinforced the commitment that China is not going to be closing its door to the foreign investment and it is going to open the door wider. That's the message the US-China Business Council strongly support, Margulies added.

The CIIE provides an opportunity for the US companies to do business for transactions to occur at the micro-level and engage with regulators and important stakeholders from the government all at one time at the macro-level.

"There are still opportunities for cooperation. Life science and healthcare are areas our companies are very optimistic about, and consumer goods as well. All of the US companies are still committed to being here and they are not shifting operations outside of China," Margulies said.

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