Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    MNCs see positives growing in nation

    By ZHONG NAN | China Daily | Updated: 2022-07-20 09:22
    Share
    Share - WeChat
    Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. [WANG GANG/FOR CHINA DAILY]

    China will remain a hot investment destination for multinational corporations seeking to expand manufacturing and innovative businesses in the coming years, said executives of foreign businesses on Tuesday.

    MNCs, they said, will prefer China because of its highly concentrated supply chains, close global linkages and lucrative domestic market.

    Despite challenges caused by the Omicron variant of COVID-19 in certain cities, especially during the second quarter, China's GDP expanded 2.5 percent in the first half of this year, showing that temporary economic disruptions will not undermine the country's ability to attract global investors in the long run, they said.

    Many parts of the world are facing bouts of volatility due to the Russia-Ukraine conflict, soaring food and energy prices, and a sluggish economic recovery. In contrast, China has been strengthened by solid economic foundation and resilience. The country has largely kept its consumer prices stable and facilitated the operation of global supply chains in the first half of this year, said Chen Wenling, chief economist of the Beijing-based China Center for International Economic Exchanges.

    According to the Ministry of Commerce, foreign direct investment in the Chinese mainland, in actual use, expanded 17.3 percent year-on-year to 564.2 billion yuan ($83.61 billion) in the first five months of the year.

    Big-ticket projects invested by Germany's Volkswagen Group and BMW Group, South Korean steelmaker Posco and US retail giant Costco had all been implemented well in China in the first half, generating strong impetus for the rapid growth of FDI, the ministry said.

    Echoing the positive sentiment, Xu Yang, president of the China unit of Danfoss Group, a Danish engineering company, said these facts have boosted global companies' confidence to further invest in the country. China's reinforced protection of intellectual property rights has also emboldened global companies to help the country evolve from a manufacturing base into an innovation base, he said.

    Danfoss said it will ship more products made at its plants in China to other signatory countries of the Regional Comprehensive Economic Partnership agreement in the future. It will also invest 300 million yuan later this year to build new manufacturing facilities in Tianjin, to support its growth in the Asia-Pacific region.

    Driven by both domestic and foreign automakers' orders in China, especially the nation's new energy vehicle makers, German conglomerate Thyssenkrupp began to build a new plant in Kunshan, Jiangsu province, last week to expand its auto body business in the country.

    China is already the world's largest auto market, and the popularity of new energy vehicles and the rise of local auto original equipment manufacturers, or OEMs, are injecting new vitality into this market, said the German company.

    "We hope that by further strengthening local capabilities and resources, we can not only better serve the local needs of our global customers, but also better meet the domestic market and emerging customers' needs and expectations," said Gao Yan, CEO for China at Thyssenkrupp.

    The Kunshan unit entails an investment of 8 million euros ($8.1 million), and will start operations in December this year, a further expansion of the group's automotive business after investing in damper manufacturing business in Changzhou, another city in Jiangsu province, in 2021.

    Yin Zheng, executive vice-president of French multinational Schneider Electric SA and president of Schneider Electric China, said the ongoing energy transformation in China and its carbon neutrality pledge present opportunities for global companies. The group will continue expanding its market presence in the country's clean energy and smart manufacturing sectors to support China's carbon neutrality ambitions.

    "The major approaches we recommend to businesses to address the issue include using new energy, improving energy efficiency, electrification and circular economy," he said, adding digital technology is also key as it can improve production and energy efficiency, promote wider use of new energy, accelerate electrification and bolster circular economy.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    蜜桃AV无码免费看永久| 中文无码伦av中文字幕| av区无码字幕中文色| 亚洲AV中文无码乱人伦在线观看| 亚洲中文字幕在线观看| 成年午夜无码av片在线观看| 亚洲国产日韩欧美在线a乱码日本中文字幕高清 | 国产在线无码精品电影网| 日韩va中文字幕无码电影| 狠狠躁夜夜躁无码中文字幕| 久久无码AV中文出轨人妻| 中文字幕一区图| 伊人久久无码中文字幕| 一级电影在线播放无码| 国产高清无码毛片| 国产成人无码18禁午夜福利p | 亚洲av无码一区二区三区四区| 中文字幕在线观看| 波多野结衣中文字幕免费视频| 无码日韩人妻AV一区免费l| 国产精品VA在线观看无码不卡| 亚洲AV综合色区无码一区| 中文字幕精品无码一区二区三区| 亚洲国产精品狼友中文久久久| 中文字幕高清在线| 中文字幕一二三区| 最近更新中文字幕在线| 免费无码中文字幕A级毛片| 亚洲欧美中文字幕高清在线| 亚洲最大av无码网址| 中文在线天堂网WWW| 天堂а√在线中文在线| 无码中文字幕乱在线观看| 一二三四社区在线中文视频| 国产乱码精品一区二区三区中文| 亚洲成?Ⅴ人在线观看无码| 天堂网www中文在线| 日本中文字幕电影| 亚洲日本中文字幕天堂网| 狠狠精品久久久无码中文字幕| 亚洲日韩中文无码久久|