CEF guests share ideas on building China's new development pattern

Some multinationals have left China because of a failure to compete with domestic firms

The phenomenon of some multinational companies leaving China can be seen from multiple aspects. We should also see that the many multinational companies leaving is because they cannot compete with the leading domestic enterprises in China.

Nowadays, it is very difficult for multinational companies to compete with leading Chinese companies in China. In fact, since the mid-1990s, there have been some multinational companies leaving China. Many multinational companies had been prepared to localize in China in the areas such as home appliances, communications equipment, construction machinery, LED panels and e-commerce, but found it very difficult.

In addition, if multinational companies do not bring very good technologies or markets, China is not necessarily as unconditionally welcome and accepting of foreign investment as before.

There are many factors behind the departure of multinationals. Times have changed, and Chinese people need to have confidence in themselves and make an objective evaluation of their strengths and weaknesses.