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No member company has left China

Jan 15, 2025

Guangzhou  

Donald Trump is scheduled to take office as the 47th president of the United States on January 20, ushering in his second term in office and capping one of the most astounding political comebacks in American history.
While the world is concerned about the uncertainty that President Trump will bring, ExxonMobil, a US-based company and one of the world's top three oil and gas concerns, is making full preparations for the new start-up of its major investment project, the Huizhou Chemical Complex in Guangdong province, which is scheduled for 2025.
Starting last September, according to a 20-year agreement with Guangdong Energy Group, ExxonMobil has secured 1.8 million tonnes of LNG (liquefied natural gas) annually since the new Huizhou LNG terminal in Guangdong province started commercial operation.
This is the epitome of how American companies operate in China. Harley Seyedin, President of the American Chamber of Commerce in South China (AmCham South China), told local media that American companies are here to stay, and not a single member of the American Chamber of Commerce in South China has left China, even though 2024 was a year marked by rising protectionism and "decoupling" attempts.

At an interview, Seyedin reaffirmed that people shouldn't worry so much about China's growth rate but rather about the quality of the growth. More specifically, people should be more concerned about the growing areas, who benefits from them, and where they should invest. This is what AmCham South China is studying, and they will announce the results next month after the Chinese New Year.

 Source:GDToday



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