AmCham China member companies in the oil and gas/energy industry expressed mixed feelings about their China operations in the current business climate. For a majority of these industry respondents, China was expected to account for less than 10% of global revenues for 2018 and they plan to increase investment in 2019 by no more than 10%.
Nevertheless, energy member respondents saw their profitability climbing steadily in 2018. Energy companies are most concerned about US-China relations, the regulatory environment, cost competitiveness, and competitive pressure. Additionally, Chinese tariffs on US goods and RMB volatility are expected to be the top businesses challenges for the industry in 2019.
Across its 21 data-driven pages, the report focuses on six main areas, including:
- Executive Summary
- 2018 Performance Snapshot
- Business Climate Challenges and Investment Outlook
- Regulatory Environment
- Policy Perspectives
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