The latest White Paper on American Business in China released by the American Chamber of Commerce in China shows that although the economic and trade relationship between China and the United States remains complex, most American companies in China still have confidence in the resilience of the Chinese market and regard China as a key strategic market. More than half of the surveyed companies list China as one of the top three "priority investment destinations" in the world.

Since 2026, the business communities of China and the United States have shown a strong willingness to strengthen cooperation. The US business community continues to vote with their feet, and a series of data clearly reflect that the Chinese and US economies are still highly intertwined and cooperation is still mainstream. As important maintainers and contributors to the bilateral relationship, the cooperation space and potential between the Chinese and US business communities are vast.

The 2026 White Paper on American Business in China will be released (source: website of the American Chamber of Commerce in China)

White Paper on American Enterprises in China: More than half of the surveyed companies are willing to prioritize investing in China

Recently, the American Chamber of Commerce in China released the 28th issue of the White Paper on American Business in China. The report was jointly created by more than 200 representatives from member companies of the Chamber of Commerce, comprehensively evaluating the business environment of Chinese and American funded enterprises, and providing over 100 recommendations to the governments of the United States and China.

According to the business environment survey conducted by the Chamber of Commerce in China, Chinese and American funded enterprises continue to demonstrate resilience and adaptability. By 2025, 73% of companies expect revenue growth or stability in China, with the proportion of revenue decline dropping to the lowest level since 2021. Among them, the service industry has performed the most outstandingly, with 61% of enterprises expected to make profits, a year-on-year increase of 17 percentage points.

According to the white paper, 52% of the surveyed Chinese and American funded enterprises are expected to achieve profitability by 2025, an increase of 6 percentage points from the previous year. More than half of the surveyed enterprises have listed China as one of the top three "priority investment destinations" in the world.

The Chinese business community still sees great potential in the Chinese market. The "2026 China Business Environment Survey Report" previously released by the American Chamber of Commerce in China shows that 72% of the surveyed Chinese and American funded enterprises expect moderate growth in their industry markets by 2026; The vast majority of enterprises believe that innovative research and development are crucial for developing their business in China; Nearly 60% of enterprises plan to increase their investment in China; 70% of enterprises have not yet considered transferring production or procurement processes outside of China.

Hengrui Pharmaceutical and Bristol Myers Squibb have reached a global strategic cooperation, with a potential total transaction value of up to 15.2 billion US dollars (Source: Hengrui Pharmaceutical official website)

Heavy warehouse China, US pharmaceutical, chemical, energy and other business sectors continue to 'vote with their feet'

Since 2026, the US business community has continued to vote with their feet, with American pharmaceutical giants such as Eli Lilly and Novartis heavily investing in China. On May 12th, American multinational pharmaceutical company Bristol Myers Squibb reached its largest authorized cooperation with China's Hengrui Pharmaceutical, with a potential total transaction value of up to 15.2 billion US dollars, covering the joint development of 13 early innovative drugs.

A new batch of major American chemical and energy projects have also landed in China: American chemical company Americhem has made new investments in China, building a medical and health materials factory that meets international standards, and is expected to start production in the second half of 2026; The California Hydrogen Exploration Team and China Houpu Corporation have signed a memorandum of cooperation to jointly explore opportunities for cooperation in the application of green hydrogen in the transportation sector and the construction of hydrogen refueling station infrastructure.

Jim Mann, Chairman of the American Chamber of Commerce in China, emphasized that in the complex and ever-changing business environment, the Chinese American business community continues to demonstrate resilience and adaptability. He believes that the US China economic and trade relationship remains one of the most important bilateral relationships in the world. Despite the ongoing geopolitical tensions, both sides should maintain smooth channels for commercial cooperation and dialogue; A constructive and mutually beneficial economic partnership will promote growth, innovation, and prosperity between the two countries.

Bloomberg News reported that the White House has invited Tesla CEO Elon Musk, Apple CEO Cook, Boeing CEO Olberg, and other senior executives from large corporations to visit China with Trump. Goldman Sachs, Blackstone Group, BlackRock, Citigroup, and Meta presidents are also expected to join the visit team.

Pay close attention to the Chinese market, as American companies increasingly value the bilateral relationship between China and the United States

It is worth noting that American companies are increasingly valuing the importance of bilateral relations between China and the United States, and there are growing voices in the American business community looking to reduce politicization and focus on practical cooperation. According to a survey by the Chamber of Commerce, 83% of businesses believe that a positive US China relationship is crucial for operating in China, with this proportion reaching 86% in the technology and research and development industry; 79% of businesses hold a positive/neutral attitude towards US China relations in 2026 (up 30 percentage points from the previous year).

Zimmerman said that American companies are closely monitoring the opportunities in the Chinese market, and overall, they still have a positive outlook on China's growth and economic opportunities, and hope to stay here and seize these opportunities.

In early June, China and the United States will hold a China US General Aviation Cooperation and Exchange Conference in Chongqing, focusing on deepening cooperation in the low altitude economy field.

On June 22nd, the 4th China International Supply Chain Promotion Expo will be held in Beijing. In the past three editions of the Chain Expo, American companies have consistently ranked first in the number of foreign exhibitors. Wang Guannan, spokesperson for the China Council for the Promotion of International Trade, previously told Xinhua News Agency that this year, the scale of American companies participating in exhibitions will further expand, especially in the fields of artificial intelligence, semiconductors, medical technology, high-end manufacturing, etc. The two countries' companies will deepen cooperation and seek common development through the Chain Expo platform.

2026 is the "Year of China" for the Asia Pacific Economic Cooperation (APEC) and the "Year of the United States" for the G20, providing unprecedented opportunities for cooperation between the Chinese and American business communities. (End)