American companies yielded about US$80 billion in sales revenue
in China's domestic market last year, with the combined profit
climbing to US$10 billion.
By the end of 2006, the United States had built 50,000
enterprises on the Chinese mainland with actual investments
exceeding US$54 billion.
Development of Sino-US trade is beneficial to both sides and US
companies have earned a fair return from investment in China, said
Chinese Vice Commerce Minister Gao Hucheng at a press conference
held in Beijing on Thursday.
According to a survey by the American Chamber of Commerce in
China (AmCham-China), 73 percent of US-funded companies believed
they earned profits, 60 percent of them saw their profits
increasing, and 37 percent say the profits in China are higher than
their average global profits.
A quarter of all KFC chain stores are located in China and the
fast-food giant has set up about 1,800 stores in the country. US
consumers also benefit from Sino-US trade as they saved more than
US$ 600 billion by buying products made in China in the last 10
years, said Gao.
Research by the US-China Business Council shows bilateral trade
cooperation is expected to add US$ 1,000 to the disposable income
of each US family by 2010.
(Xinhua News Agency August 24, 2007)
