Investment in China set to increase

Investment in China set to increase Updated: 2012-02-29 07:33 By Li Wenfang GUANGZHOU - Members of the American Chamber of Commerce in southern China plan to invest more in China in the coming years despite a sluggish global economy, according to a survey published on Tuesday. The survey, which interviewed 461 companies, said the members' budgets call for increasing their spending in China by 21.4 percent for the next three years. The chamber estimated that the nearly 2,000 members will spend about $11.7 billion in the next three years to expand their businesses in China, said Harley Seyedin, chairman of the chamber, at a press conference. The Guangdong branch of TUV Rheinland, a third-party testing, inspection and certification firm, reported that its revenue had increased by 13 percent last year, reaching nearly 200 million yuan, said Holger Kunz, vice-president of TUV Rheinland Greater China and managing director of TUV Rheinland South China.