All American funded enterprises in south China will continue to invest in the region but with smaller scales, a report by the American Chamber of Commerce in South China (AmCham SC) has shown. The respondent companies planned to cut an average 41% of their investment budgets this year and 31% in the following 3 years. "Fortunately, the percentage of investment cases upwards of $50 million in 2009 remained unchanged as compared to that of last year," said AmCham SC president Harley Seyedin, who also urged the Chinese government to cut taxes and offer allowances to attract foreign capital.

$1 = ¥6.8

Source: http://www.china-cbn.com/s/n/000002/20090304/000000108739.shtml

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