MNCs delve deeper into local market amid country's opening-up commitment
8 months, 3 weeks ago

MNCs delve deeper into local market amid country's opening-up commitment

China Daily  

An employee operates equipment at a battery assembly workshop of Panasonic Energy Co Ltd in Wuxi, Jiangsu province, in July 2022. BEIJING — Foreign firms continue to view China as a favored investment destination, driven by the country's steadfast commitment to opening-up and innovation, said foreign firm executives at the Invest in China Summit 2024 in Beijing in March. Attendees at the summit said China's robust economic resilience — fueled by its enormous market potential, burgeoning emerging industries and high-quality talent pool — instills enduring confidence among foreign companies to continue investing in the country. "China is now an innovation leader and a nation of engineers, alongside its status as a manufacturing powerhouse and a key consumer market," said Tetsuro Homma, executive vice-president of Panasonic Corp. Homma emphasized that the country also serves as a "testing ground" for foreign enterprises, given that products thriving in the Chinese market often gain a competitive edge in other markets as well. "By providing clarity on many of China's new laws, the perceived investment risk for foreign investors will decrease," Harborn said, adding that this will allow the company to prioritize value creation over risk management.

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History of this topic

China's zero-tariff policy boon for least developed countries
2 weeks, 1 day ago

China's zero-tariff policy boon for least developed countries

China Daily  

An employee operates a touch panel in a workshop at a foreign-funded electronics manufacturing enterprise in Rongcheng, Shandong province, on Feb 23. "China's international fairs are really great platforms for African enterprises to find new opportunities, and purchasers usually consider our agricultural products to be good value for the money, thanks to China's zero-tariff treatment on most of them," said …

Foreign financial firms beef up China investment
2 weeks, 4 days ago

Foreign financial firms beef up China investment

China Daily  

BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities firms, have also increased their presence …

Foreign financial firms beef up China investment
2 weeks, 4 days ago

Foreign financial firms beef up China investment

China Daily  

China Daily | Updated: 2024-12-06 10:10 BEIJING — Since the start of this year, an increasing number of foreign financial institutions have cast a vote of confidence in China by establishing new securities entities and expanding the scope of their existing businesses in a market that continues to grow and open up. This year, other foreign financial institutions, especially securities …

Door opened wider for foreign-invested businesses
3 weeks, 5 days ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

China pivotal to MNCs' global biz strategy
Trending News
1 month ago

China pivotal to MNCs' global biz strategy

China Daily  

Visitors check large aircraft parts from Swedish technology group Hexagon AB at its booth during the seventh China International Import Expo in Shanghai on Nov 5. "As China's manufacturing sector undergoes transformation and upgrading, high-end manufacturing has become a key area for attracting foreign investment," Ji said. Apart from showcasing the latest products and technology solutions at its 600-square-meter booth, …

China pivotal to MNCs' global biz strategy
Trending News
1 month ago

China pivotal to MNCs' global biz strategy

China Daily  

Visitors experience lens products from German optical systems company ZEISS Group at its booth during the seventh CIIE in Shanghai on Nov 9. Highlighting that this grand event has established itself as a premier venue for global product debuts for seven years, Arnold Li, senior vice-president of Ingersoll Rand Inc, a US industrial goods manufacturer and seven-time participant at the …

China holds wide appeal for investors
1 month, 2 weeks ago

China holds wide appeal for investors

China Daily  

Motivated by China's complete removal of market access restrictions for foreign investors in the manufacturing sector, executives from multinational corporations attending the seventh China International Import Expo said they will deploy more resources in the country, with a particular focus on high-end manufacturing. Attracted by China's innovation capability, business model transformation and bilateral and multilateral free trade deals, many global …

Global Manufacturers Embracing China's Manufacturing Revival: CIIE 2024
1 month, 2 weeks ago

Global Manufacturers Embracing China's Manufacturing Revival: CIIE 2024

China Daily  

Motivated by China's complete removal of market access restrictions for foreign investors in the manufacturing sector, multinational corporations attending the seventh China International Import Expo are expected to deploy more resources in the country, with a particular focus on high-end manufacturing.

China fully opens manufacturing sector to foreign investors in landmark opening up move
1 month, 2 weeks ago

China fully opens manufacturing sector to foreign investors in landmark opening up move

China Daily  

BEIJING -- China has removed all market access restrictions for foreign investors in the manufacturing sector, a landmark move made by the world's second-largest economy as it opens its doors wider. Another negative list applied in the country's free trade zones, which are pioneering pilots in opening up practices, achieved zero-restrictions on foreign investment in manufacturing in 2021. The new …

China fully opens manufacturing sector to foreign investors in landmark opening up move
1 month, 2 weeks ago

China fully opens manufacturing sector to foreign investors in landmark opening up move

China Daily  

BEIJING -- China has removed all market access restrictions for foreign investors in the manufacturing sector, a landmark move made by the world's second-largest economy as it opens its doors wider. Another negative list applied in the country's free trade zones, which are pioneering pilots in opening up practices, achieved zero-restrictions on foreign investment in manufacturing in 2021. The new …

Revised Rules Ease Foreign Strategic Investment in Listed Firms in China
1 month, 3 weeks ago

Revised Rules Ease Foreign Strategic Investment in Listed Firms in China

China Daily  

Chinese authorities have revised rules to ease foreign strategic investment in listed firms. The revised rules allow foreign natural persons to make strategic investment in listed companies, including tender offers and share placements. The capital requirement is also lowered for foreign investors that do not become the controlling shareholders in listed firms. The new rules also ease requirements on the …

MNCs praise opening-up at Xiamen trade fair
3 months, 2 weeks ago

MNCs praise opening-up at Xiamen trade fair

China Daily  

Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. Jeffrey Perlman, CEO of US private equity firm Warburg Pincus, said China has become the world's second-largest economy with a proven long-term track record of consistent growth supported by domestic policy. "China's efforts to continuously expand its opening-up and optimize its business …

MNCs praise opening-up at Xiamen trade fair
3 months, 2 weeks ago

MNCs praise opening-up at Xiamen trade fair

China Daily  

Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. Jeffrey Perlman, CEO of US private equity firm Warburg Pincus, said China has become the world's second-largest economy with a proven long-term track record of consistent growth supported by domestic policy. "China's efforts to continuously expand its opening-up and optimize its business …

Japan Inc. Sours on China After Long Years of Brushing Off Risks
3 months, 2 weeks ago

Japan Inc. Sours on China After Long Years of Brushing Off Risks

Live Mint  

Japanese companies are increasingly abandoning an approach to business in China that once seemed immune to politics, a stark shift after years when they were the biggest single investors in their neighbor’s economy. It’s a turnaround for Japanese companies that had built up an FDI stock of almost $130 billion in China through the end of last year. China took …

MNCs take 'center stage' for 'concert'ed development in Shandong
3 months, 2 weeks ago

MNCs take 'center stage' for 'concert'ed development in Shandong

China Daily  

The fifth Qingdao Multinationals Summit took place in Qingdao, Shandong province, from Aug 27 to 29, underscoring China's commitment to advancing its high-level opening-up. Themed "Multinationals and China", the summit attracted leaders from 451 multinational companies across 37 countries and regions. During the summit, 163 investment and trade agreements were confirmed, comprising 121 investment projects totaling $12.9 billion and 42 …

MNCs take 'center stage' for 'concert'ed development in Shandong
3 months, 2 weeks ago

MNCs take 'center stage' for 'concert'ed development in Shandong

China Daily  

The fifth Qingdao Multinationals Summit took place in Qingdao, Shandong province, from Aug 27 to 29, underscoring China's commitment to advancing its high-level opening-up. Themed "Multinationals and China", the summit attracted leaders from 451 multinational companies across 37 countries and regions. During the summit, 163 investment and trade agreements were confirmed, comprising 121 investment projects totaling $12.9 billion and 42 …

MNCs take 'center stage' for 'concert'ed development in Shandong
3 months, 2 weeks ago

MNCs take 'center stage' for 'concert'ed development in Shandong

China Daily  

The fifth Qingdao Multinationals Summit took place in Qingdao, Shandong province, from Aug 27 to 29, underscoring China's commitment to advancing its high-level opening-up. Themed "Multinationals and China", the summit attracted leaders from 451 multinational companies across 37 countries and regions. During the summit, 163 investment and trade agreements were confirmed, comprising 121 investment projects totaling $12.9 billion and 42 …

MNCs take 'center stage' for 'concert'ed development in Shandong
3 months, 2 weeks ago

MNCs take 'center stage' for 'concert'ed development in Shandong

China Daily  

The fifth Qingdao Multinationals Summit took place in Qingdao, Shandong province, from Aug 27 to 29, underscoring China's commitment to advancing its high-level opening-up. Themed "Multinationals and China", the summit attracted leaders from 451 multinational companies across 37 countries and regions. During the summit, 163 investment and trade agreements were confirmed, comprising 121 investment projects totaling $12.9 billion and 42 …

Report: Chinese modernization offers vast growth potential for multinationals
3 months, 3 weeks ago

Report: Chinese modernization offers vast growth potential for multinationals

China Daily  

The research report Multinational Corporations in China: Sharing New Opportunities of Chinese Modernization was released during the opening ceremony of the fifth Qingdao Multinationals Summit on Aug 28. According to the report, multinational corporations are continuously optimizing their industry structures and regional layouts for investment in China, which deepens their engagement with the Chinese market. In 2023, China's high-tech industry …

Foreign direct investment in China optimizes, upgrades
3 months, 3 weeks ago

Foreign direct investment in China optimizes, upgrades

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. According to the United Nations Conference on Trade and Development's Global Investment Trends Monitor, excluding higher values in a few European conduit economies, global FDI flows had dropped by 18 percent in 2023, …

Nation to incentivize foreign investors
4 months ago

Nation to incentivize foreign investors

China Daily  

China will roll out a set of initiatives aimed at incentivizing foreign investment, with the goal of enabling a greater number of global players to benefit from the dividends of the country's reform and opening-up policies, and promoting a win-win scenario, senior officials said on Friday. China will further relax restrictions on foreign investors making strategic investments in listed companies, …

Nation to incentivize foreign investors
4 months, 1 week ago

Nation to incentivize foreign investors

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. China will roll out a set of initiatives aimed at incentivizing foreign investment, with the goal of enabling a greater number of global players to benefit from the dividends of the country's reform and opening-up policies, and promoting a win-win scenario, senior officials said on Friday. …

China taking steps to expand market access
4 months, 3 weeks ago

China taking steps to expand market access

China Daily  

Large ships under construction at a shipyard in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY China is taking significant steps to expand market access and encourage foreign investment across a wide range of industries such as finance, manufacturing and services, the Ministry of Commerce said on Friday. China is revising and will publish the regulations for strategic investments by foreign …

Policies set to boost foreign investment
5 months ago

Policies set to boost foreign investment

China Daily  

China's continuous reform measures and high-level opening-up will inject fresh momentum into its economic growth, creating more opportunities for multinational corporations to invest and thrive in the country, said market observers and business executives on Sunday. They added that China's accelerated cultivation of new quality productive forces, along with its industrial transformation and upgrading, will further facilitate trade and investment …

Nation's opening to further intensify
5 months ago

Nation's opening to further intensify

China Daily  

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

Efforts to draw more foreign investment
5 months, 1 week ago

Efforts to draw more foreign investment

China Daily  

chinadaily.com.cn| Updated :2024-07-17 Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer …

Efforts to draw more foreign investment
5 months, 1 week ago

Efforts to draw more foreign investment

China Daily  

Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological …

Efforts to draw more foreign investment
5 months, 1 week ago

Efforts to draw more foreign investment

China Daily  

Policies aim to boost confidence as complex global landscape hinders inflow of capital China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological …

Efforts to draw more foreign investment
5 months, 1 week ago

Efforts to draw more foreign investment

China Daily  

JIN DING/CHINA DAILY China is set to intensify its efforts to attract and harness foreign investment, with a specific focus on removing market access restrictions in the manufacturing industry and introducing pilot measures to expand the opening-up of the service sector. China's increasing economic growth, large consumer base and technological advancements are strong incentives for foreign businesses seeking opportunities to …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired by Premier Li Qiang, …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

Beijing passes regulation to optimize foreign investment environment
6 months, 3 weeks ago

Beijing passes regulation to optimize foreign investment environment

China Daily  

Photo taken on Jan 14, 2024 shows a view of Beijing's Central Business District. Beijing passed its first special regulation on foreign investment on Friday, representing the Chinese capital's latest effort to promote further opening up and boost its appeal to global investors. "The introduction of the regulation is timely and has received a positive response among foreign companies," said …

Multinationals still invest big in China's green drive
7 months, 3 weeks ago

Multinationals still invest big in China's green drive

China Daily  

Amid foreign media's report that China's green-tech manufacturing boom draws concerns about overcapacity, multinational corporations in China are still investing big in the country's green economy drive, voting with their feet. At the end of April, Milwaukee, United States-based industrial automation company Rockwell Automation said that the company is planning to drive more collaborations in China's strategic emerging industries, such …

Shanghai going all out to become preferred global investment place
8 months, 3 weeks ago

Shanghai going all out to become preferred global investment place

China Daily  

Visitors to the Bund in Shanghai in April pose for a photograph, with the Pudong financial district in the background. WANG GANG/FOR CHINA DAILY The 2024 Shanghai Global Investment Promotion Conference has once again boosted the confidence of overseas and domestic enterprises who plan to invest in Shanghai. Shanghai launched a global investment partnership program a few years ago, inviting …

China's investor friendly measures uplift biz climate
8 months, 3 weeks ago

China's investor friendly measures uplift biz climate

China Daily  

High-rises dominate the skyline on both sides of the Huangpu River in Shanghai. BEIJING — China has announced a new set of measures aimed at enhancing the appeal and effective utilization of foreign investment, as part of the country's efforts to harness and share its huge market potential. An action plan comprising 24 specific pro-foreign investment measures was unveiled in …

MNC chemical firms eye more investments
9 months ago

MNC chemical firms eye more investments

China Daily  

An AkzoNobel booth at the Shanghai International City and Architecture Expo, on Oct 31, 2023. Multinational chemical manufacturers are looking at further opportunities to invest in China, business executives and experts said, as the country's commitment to build a modern industrial system and accelerate the development of new quality productive forces inject fresh impetus into its high-quality economic development. "We …

MNCs seek opportunities in high-tech, green areas
9 months, 1 week ago

MNCs seek opportunities in high-tech, green areas

China Daily  

A view of Beijing's CBD area. Inspired by China's latest promise at the two sessions of sustaining its high-standard opening-up, multinational companies have said that they are looking at abundant opportunities in areas such as green development, artificial intelligence and 5G. China's sharpened focus on new quality productive forces at the two sessions is also of great interest to them, …

High-quality development remains top priority for country in new era: China Daily editorial
9 months, 2 weeks ago

High-quality development remains top priority for country in new era: China Daily editorial

China Daily  

Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. Abroad, geopolitical headwinds seriously disrupted the country's reach to international markets; at home, the private sector lost steam, the real estate market remained in dire straits, and domestic consumption appeared lackluster. In spite of the pessimism surrounding the state of the Chinese economy and its near-term …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Multinationals upbeat on economic prospects
11 months ago

Multinationals upbeat on economic prospects

China Daily  

The financial district of Pudong New Area. That is still the largest market in the Asia-Pacific region and even with growth of around 5 percent, the growth of China will then be bigger than the whole market of India and Indonesia added together," said Morten Wierod, president of the electrification business area and a member of the group executive committee …

Chinese market still cherished by foreign firms
1 year, 1 month ago

Chinese market still cherished by foreign firms

China Daily  

Visitors sample bread at the booth of Lesaffre at the sixth China International Import Expo in Shanghai. McKinsey Global Institute estimates that in 2020, 55 Chinese cities could be classified as high-income cities, covering 27 percent of China's population. The International Monetary Fund has raised its forecast for China's gross domestic product growth rate this year to 5.4 percent. Goldman …

Foreign investments to face fewer restrictions
1 year, 1 month ago

Foreign investments to face fewer restrictions

China Daily  

By ZHONG NAN| China Daily| Updated :2023-11-03 China will take a number of measures to eliminate hidden barriers affecting foreign investment access, aiming to ensure equal access for both domestic and foreign capital in sectors not included in the negative list in accordance with the law, said the Ministry of Commerce on Thursday. Speaking at a weekly news conference in …

China to remove all restrictions on foreign investment access in manufacturing sector
1 year, 2 months ago

China to remove all restrictions on foreign investment access in manufacturing sector

China Daily  

China will remove all restrictions on foreign investment in the manufacturing sector, China's top leader said on Wednesday, the Xinhua News Agency reported. Experts said that the move further showcases China's determination in continuously promoting high-quality opening-up with concrete measures, which will also bolster the development of the nation's manufacturing sector. Analysts meanwhile said that the full opening will be …

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