US firms still keen on China

BEIJING - China remains a highly desirable destination for investment and a major global priority for US companies despite some concerns, the American Chamber of Commerce said in a report published on Monday.

More than 91 percent of the surveyed companies said they were optimistic about their outlook for the next five years in China. Nearly 79 percent said their company will expand investment in China this year, and more than 51 percent indicated that investment growth would exceed 10 percent.

"China's economy still has the potential for rapid growth over the medium term, propelled by its second- and third-tier cities, and assuming an appropriate policy mix," the chamber said in its annual White Paper on the State of American Business in China.