Study points to sound economic prospects

Despite a sluggish global economy, foreign companies remain confident about the direction of the Chinese economy and market, with reinvestment budgets set to increase by more than 8 percent in southern China this year.

According to the studies conducted by the American Chamber of Commerce in South China (AmCham South China), reinvestment budgets appear to be recovering from the 2015 slump, and AmCham South China member companies stand to reinvest more than $13 billion from profits this year.

"More than 93 percent of the participants reported either being profitable already or expecting to reach profitability within two years," said the studies released by AmCham South China on Tuesday.