2026中国商务环境调查报告

CONTENTS 目录 4. Business Environment商业环境41 02Chairman’s Message主席致辞 04Executive Summary概述 4.1 Investment Environment投资环境42 151. 2026 Survey Methodology2026 年调查方法 4.2 Human Resources人力资源72 4.3 Innovation and IntellectualProperty Rights创新和知识产权81 212. Performance Snapshot绩效速览 273. Business Operations and Goals商业运营和经营目标 5. US-China Relations美中关系90 Chairman’s Message If we could sum up this year’s China Business Climate Survey Report in one word, it would beresilience – namely, the ability of American businesses in China to endure, adapt, and continueoperating amid prolonged uncertainty and disruption. This report reflects a business communitythat has continued to compete, invest, and deliver results, even as economic pressures, policyuncertainty, and geopolitical tensions have become enduring features of the operating environ-ment. Looking ahead, our members see the potential for that resilience to translate into opportunityand profitability, provided the bilateral trade and investment relationship is guided by greaterclarity, predictability, and guardrails that reduce the risk of sudden escalation. For policymakers, our message is clear: businesses thrive when rules are transparent, engage-ment is consistent, and economic ties are insulated as much as possible from political volatility.We are hopeful that the leaders of the first and second largest economies in the world will havethe vision to take us in that direction. This matters not only for the US-China relationship, butalso for global growth, stability, and confidence in the international trading system. James ZimmermanChairman, AmCham ChinaJanuary 2026 若以一词概括本年度的《中国商业环境调查报告》，那当属“韧性”—— 即在华美资企业于长期的不确定性与多重扰动之下，所展现出的承压坚守、灵活应变与稳健经营的能力。本报告充分印证，在经济压力、政策不确定性及地缘政治紧张局势已成为营商环境常态化特征的背景下，在华美资企业依旧坚持竞逐市场、持续投资并创造价值。 展望未来，我们的会员企业看到了将这种“韧性”转化为“机遇”与“盈利”的潜力。然而，这一转化的实现取决于美中双边贸易和投资关系更为清晰、更可预期，并且建立防范局势骤然升级的风险管控机制。 我们向政策制定者传递的信号清晰明确：唯有规则透明、交流畅通、经贸往来尽可能免受政治波动干扰，企业方能蓬勃发展。我们期待，全球前两大经济体的领导人能够以远见卓识，引领我们朝着这一方向迈进。这不仅关乎美中双边关系，更关乎全球的经济增长、稳定与对国际经贸体系的信心。 吉莫曼中国美国商会董事会主席二零二六年一月 Executive Summary In 2025, the global economic environment remained complex andchallenging, marked by frequent trade frictions, the spillover effectsof geopolitical risks, and mounting pressure on the global economicrecovery. Meanwhile, China’s economy is undergoing deepening re-form as it continues to transition from old to new drivers of growth,with the aim of transforming its economy from an investment-drivenmodel to a consumption-driven one. Against this backdrop, AmChamChina member companies have shown strong operational resilience.Survey results indicate an improvement in overall financial perfor -mance, with 52% of responding companies expecting to be profit -able, up 6 percentage points (pp). ing, which emerged as a new key challenge last year, has grown in im-portance, with 32% of responding companies identifying it as a majorissue. The primary driver for implementing an ESG strategy in Chinais predominantly local brand building (86%), enabling enterprises torespond to market competition with a responsible corporate image. Reflecting the importance of the Chinese market and growth expec-tations, slightly more than half of respondents continue to rank Chinaamong their top three global investment destinations. Some 39% ofcompanies reported China’s investment environment has improved,an increase of 6pp from the previous year. While 57% said they intendto increase investment in China, 43% either have no plan to do so orplan to reduce their level of investment. Uncertainty in US-China eco-nomic and trade relations (26%) and concerns about China’s slowingeconomic growth (21%) are the main factors leading enterprises toplan to scale back investment, whereas valuing China’s strategic mar-ket position (28%) and development potential (25%) are the primarydrivers for their increased investment. Meanwhile, measures to im-prove the business environment, such as optimizing the regulatoryenvironment (79%), strengthening intellectual property protection(74%), and reducing policy barriers (70%) would further boost mem-bers’ willingness to invest in China. Some 70% of the enterprises saythey feel either more welcome in China or have seen no change com-pared to the previous year. 41% of responding companies say they areoptimistic about the prospect of China further opening its markets,while 74% believe foreign-invested companies are treated no worsethan domestic competitors in their respective sectors. However, un-fair treatment in market access (55%) remains a major concern, espe-cially in the Tech and R&D sector (88%). Foreign-invested enterprisesreport they pay close attention to government procurement policiesrelated to the definition of “domestic products.” Respondents expectfair (44%) and stable (38%) policy formulation and implementation,as well as positive spillover effects across other commercial sectors(25%). Moreover, they regard equal treatment between domestic- andforeign-invested enterprise