Hurun Report: American companies continue to increase investment in China
The "Special Report on American Companies in China in 2024" released by the Hurun Research Institute on February 28 showed that China's foreign investment market grew against the trend, and the investment growth rate of American companies was significant, highlighting the confidence of foreign capital in the Chinese economy. From fiscal years 2020 to 2023, the Chinese market's revenue contribution rate to the selected sample companies continued to remain at 12% or above. The report found that U.S. companies' revenue contribution in the Chinese market was stable and substantial, with the contribution rate remaining stable at 12% or above. The median revenue of the sample companies in the Chinese market was US$2.16 billion, and the average was US$4.39 billion. There are seven American companies with revenue of over 10 billion US dollars in the Chinese market, namely Apple, Qualcomm, Tesla, Walmart, Intel, Broadcom and Nvidia. Among them, Apple ranks first. 41% of companies view China as their second largest revenue source market worldwide.