SKF Group to ramp up investments in China
2 weeks, 5 days ago

SKF Group to ramp up investments in China

China Daily  

SKF Group to ramp up investments in China By LIU YUKUN China Daily Updated: Dec 04, 2024 SKF's booth during a marine tech expo in Shanghai in December 2023. CHINA DAILY Swedish bearing manufacturer SKF Group spoke highly of China's rapid development of manufacturing in emerging sectors like electric vehicles and wind power equipment, saying the company will bring new opportunities for global industrial growth. Olme said that China's rapid advancement in new energy vehicles and wind turbines necessitates bearings and parts manufacturing that meet elevated technical standards while maintaining cost efficiency. This year, foreign investment in China has shown a rapid growth trend, especially in the high-tech manufacturing sector, indicating a trend of further integration into the Chinese market, said the Ministry of Commerce. Increased foreign investment in China's high-tech manufacturing sector will yield good returns for both sides, and also serve as an important driving force for China's high-quality economic development," Zhou said.

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History of this topic

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

SKP expands footprint to tap young Chinese consumers
4 months, 3 weeks ago

SKP expands footprint to tap young Chinese consumers

China Daily  

Consumers check out shoes at SKP Wuhan in Hubei province on July 26. High-end department store SKP, which officially opened an outlet in Wuhan, capital of Central China's Hubei province, on July 26, netted 100 million yuan in sales on its official launch day and has drawn in more than 100,000 visitors since a trial run on July 13. The …

SOEs likely to lift emerging industries
5 months, 3 weeks ago

SOEs likely to lift emerging industries

China Daily  

Robot arms in use on the production line of a new energy vehicle maker in Changchun, Jilin province. XU CHANG/XINHUA China's endeavors to expedite technological advancement and cultivate new quality productive forces will encourage its centrally administered State-owned enterprises to deploy more resources toward developing strategic emerging industries, said senior SOE executives. Central SOEs, including train manufacturer CRRC Corp, energy …

SOEs likely to lift emerging industries
5 months, 3 weeks ago

SOEs likely to lift emerging industries

China Daily  

Robot arms in use on the production line of a new energy vehicle maker in Changchun, Jilin province. XU CHANG/XINHUA China's endeavors to expedite technological advancement and cultivate new quality productive forces will encourage its centrally administered State-owned enterprises to deploy more resources toward developing strategic emerging industries, said senior SOE executives. Central SOEs, including train manufacturer CRRC Corp, energy …

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, …

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 …

China's central SOEs' profits reach 2.6 trillion yuan in 2023
10 months, 4 weeks ago

China's central SOEs' profits reach 2.6 trillion yuan in 2023

China Daily  

A view of a shipyard run by Dalian Shipbuilding Industry Co Ltd, a subsidiary of State-owned China State Shipbuilding Corp Ltd, in Dalian, Liaoning province, in February. The total profits of China's centrally-administered State-owned enterprises amounted to 2.6 trillion yuan in 2023, while their operating revenue reached 39.8 trillion yuan, according to data released by the country's top state assets …

Multiple sectors see rise in foreign investment
11 months, 4 weeks ago

Multiple sectors see rise in foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. China saw the number of newly established foreign-invested enterprises reach 48,078 during the first 11 months of 2023, soaring 36.2 percent year-on-year, data from the Ministry of Commerce showed. In the meantime, foreign direct investment into the Chinese mainland in terms of actual use dropped 10 percent year-on-year to …

China's FDI inflow up 17.4% in H1
2 years, 4 months ago

China's FDI inflow up 17.4% in H1

China Daily  

Xinhua| Updated :2022-08-02 Foreign direct investment into the Chinese mainland, in actual use, expanded 17.4 percent year-on-year to 723.31 billion yuan in the first half of the year, the Ministry of Commerce said Friday. Specifically, foreign investment in high-tech manufacturing rose 31.1 percent, while that in the high-tech service sector jumped 34.4 percent. The service industry received 537.13 billion yuan …

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