Door opened wider for foreign-invested businesses
3 weeks, 5 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 innovation efforts," Ye said, adding that the company will continue to expand passenger car tire production capacity at its factories in Shanghai and Shenyang, Liaoning province, to meet the country's surging demand. The updated national negative list, in conjunction with other policies aimed at attracting overseas capital, not only demonstrates China's determination to deepen reforms, but also creates a better investment and business environment for foreign companies. Noting that China is one of Trane Technologies' key growth markets globally, Wu Chuangang, the group's vice-president of operations and integrated supply chain for the Asia-Pacific region, said that the company has maintained double-digit growth in China over the past three years, demonstrating strong business performance. China's consumption trends present a significant growth opportunity, and ASICS is actively responding to them through a combination of market expansion and localization, said Tsuyoshi, who is also the company's senior managing director for China.

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History of this topic

Opening-up to spur foreign trade growth
1 week ago

Opening-up to spur foreign trade growth

China Daily  

A container ship leaves Qingdao Port, Shandong province. China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals …

Opening-up to spur foreign trade growth
1 week ago

Opening-up to spur foreign trade growth

China Daily  

China will continue to advance institutionalized opening-up, broaden market access for global businesses and advocate free trade agreements, fueling its economic growth and bolstering multilateralism in 2025, market observers and business executives said on Sunday. Noting that China gave the green light earlier this year for the establishment of wholly foreign-owned hospitals in selected cities, including Beijing and Shanghai, Liu …

German firms eye increased investments in China
1 week, 3 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye increased investments in China
1 week, 3 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye localization strategy
2 weeks, 4 days ago

German firms eye localization strategy

China Daily  

Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Amid growing competition and price pressure, German companies are increasingly adopting a localized strategy in China, operating with greater autonomy and aligning their operations with the mindset and practices of local businesses, a survey published by the German Chamber of Commerce …

Door opened wider for foreign-invested businesses
3 weeks, 4 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, 5 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, 5 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 …

Great potential attracts German investment
1 month, 2 weeks ago

Great potential attracts German investment

China Daily  

Huge national market, opening-up policy and dynamic innovations prove irresistible to foreign enterprises Viewing China as a growing and vast market, German companies are optimistic about the country's innovative vitality and dividends of higher-level opening-up, industrial insiders said. Prospects fuel growth The continual increase in German investment stems from confidence in China's sustained economic development and innovative capabilities. The continuous …

China's door opening even wider to foreign visitors, businesses
1 month, 2 weeks ago

China's door opening even wider to foreign visitors, businesses

China Daily  

The skyline of Beijing. On top of the national level import-themed expo, China has recently unveiled a series of initiatives, including broadened visa-free policies and eased investment restrictions, to open its doors even wider to foreign visitors, investors and business doers. This year's CIIE, running on Nov 5-10 in China's commercial hub of Shanghai, brings together participants from 152 countries, …

China's door opening even wider to foreign visitors, businesses
1 month, 2 weeks ago

China's door opening even wider to foreign visitors, businesses

China Daily  

The skyline of Beijing. On top of the national level import-themed expo, China has recently unveiled a series of initiatives, including broadened visa-free policies and eased investment restrictions, to open its doors even wider to foreign visitors, investors and business doers. This year's CIIE, running on Nov 5-10 in China's commercial hub of Shanghai, brings together participants from 152 countries, …

Foreign Firms Embracing China's Openness: A Strategic Playground for Investment
1 month, 3 weeks ago

Foreign Firms Embracing China's Openness: A Strategic Playground for Investment

China Daily  

Foreign companies are expressing strong interest in investing in China, with 90% of surveyed firms rating the business environment as satisfactory or higher. The country's economic growth and institutional openness are key drivers of this interest, with foreign companies planning to increase their investment in China by 2.07 percentage points from the previous quarter. The primary areas of investment include …

Chinese businesses advised to identify distinct markets overseas
2 months, 3 weeks ago

Chinese businesses advised to identify distinct markets overseas

China Daily  

More than 80 representatives from businesses and universities gathered in Shanghai on Saturday to discuss the opportunities and challenges faced by Chinese companies looking to go international. Hu Jie, a professor of practice at the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University, highlighted in his keynote address that economic globalization has entered into a new era, where …

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 …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. We have a firm belief in the market potential and future development of China and are encouraged by the country's shift toward a high-quality and sustainable growth model. Zheng: …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. We have a firm belief in the market potential and future development of China and are encouraged by the country's shift toward a high-quality and sustainable growth model. Zheng: …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q4 While China is expanding opening-up, some are concerned that geopolitical tensions, rising protectionism and global supply chain adjustments may weaken China's attractiveness to foreign companies. Our investments in China are in line with BASF's strategy of producing where our customers are and where there is market growth. Zheng: Illumina continues to see China as a crucial part of our …

German firms make beeline for China market
3 months, 2 weeks ago

German firms make beeline for China market

China Daily  

NANJING/BERLIN — Philipp Kortum, chief financial officer of TUV Rheinland, a renowned German testing and certification services provider, was astounded by the swift completion of its Phase II laboratory in Taicang, a county-level city in East China's Jiangsu province. Neighboring Shanghai, Taicang, spanning approximately 800 square kilometers, is known as the "hometown of German enterprises" in China, with over 530 …

Chinese funds help energize Global South
3 months, 3 weeks ago

Chinese funds help energize Global South

China Daily  

An employee works on an assembly line of electric buses, whose components are imported from China, in Addis Ababa, Ethiopia, in March. Today, Chinese firms, especially those engaged in sectors like high-end manufacturing and trade-in services, are adapting their strategies to better align with the changing global market environment. Over the past five years, with the global landscape evolving rapidly, …

German firms find Ningbo an ideal investment hub
4 months ago

German firms find Ningbo an ideal investment hub

China Daily  

Ningbo, Zhejiang province, has emerged as a prime destination for German investments in China, as revealed in a recent interview by Ningbo Daily with Volker Hagen, CFO and managing director of the Aachen-Ningbo Sister-City relationship Promotion Association. Hagen, who has over two decades of experience promoting business ties between Germany and Ningbo, highlighted the city's strategic location, advanced infrastructure, and …

German firms vow to invest more in China
4 months ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms vow to invest more in China
4 months ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, Xu Daquan, president of Bosch Investment Ltd, a country branch of …

German vote of confidence turns 'de-risking' narrative into a joke
4 months, 1 week ago

German vote of confidence turns 'de-risking' narrative into a joke

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. According to a recent survey on business confidence released by the German Chamber of Commerce in China, 91 percent of German companies surveyed said they will continue to stay in the Chinese market, and more than half of the entities surveyed plan to increase investment in …

German vote of confidence turns 'de-risking' narrative into a joke
4 months, 1 week ago

German vote of confidence turns 'de-risking' narrative into a joke

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. According to a recent survey on business confidence released by the German Chamber of Commerce in China, 91 percent of German companies surveyed said they will continue to stay in the Chinese market, and more than half of the entities surveyed plan to increase investment in …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

By ZHONG NAN | China Daily Global | Updated: 2024-08-16 09:58 Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, …

Foreign investors pull record money from China. Here's why
4 months, 1 week ago

Foreign investors pull record money from China. Here's why

Hindustan Times  

Foreign investors pulled a record amount of money from China last quarter, likely reflecting deep pessimism about the world’s second-largest economy. China’s direct investment liabilities in its balance of payments dropped almost $15 billion in the April-June period, marking only the second time this figure has turned negative, according to data from the State Administration of Foreign Exchange released 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 …

Country will open door wider as it remains committed to higher standard opening-up: China Daily editorial
5 months ago

Country will open door wider as it remains committed to higher standard opening-up: China Daily editorial

China Daily  

The Resolution of the Central Committee of the Communist Party of China on Further Deepening Reform Comprehensively to Advance Chinese Modernization approved by the third plenary session of the 20th CPC Central Committee upon its conclusion in Beijing on Thursday sends a clear message that China will not give up eating for fear of choking. As set out in the …

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 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 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 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 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 …

New advantages, new challenges
5 months, 2 weeks ago

New advantages, new challenges

China Daily  

MA XUEJING/CHINA DAILY As more Chinese enterprises go global and invest in developed economies, they should be prepared to encounter more barriers and face fiercer competition Data from the State Administration of Foreign Exchange show that China's outbound direct investment amounted to $185.3 billion in 2023, and the importance of ODI is expected to grow in the coming years. As …

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 businesses optimistic about China opportunities
6 months ago

Foreign businesses optimistic about China opportunities

China Daily  

As one of the first batch of foreign companies that invested in China, Bosch sees the company's great potential for growth in China's emerging sectors, especially that of electric vehicles and hybrid energy. China boasts a huge potential for foreign enterprises and entrepreneurs to innovate and thrive, whether they are established business or emerging industries, said foreign business leaders in …

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says
6 months ago

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says

China Daily  

The skyline of Beijing. SHANGHAI -- Deutsche Bank has recently made substantial investments in enhancing its operational capacity in North China's Tianjin municipality, Ole Gerdau, chief operating officer at Deutsche Bank China, told Xinhua in an interview on Monday. Gerdau underscored the pivotal role of China's economic liberalization and the RMB's global ascendancy as cornerstones of Deutsche Bank's strategic vision …

China committed to letting foreign businesses flourish
6 months, 4 weeks ago

China committed to letting foreign businesses flourish

China Daily  

By Zhong Nan| chinadaily.com.cn| Updated :2024-05-24 A view of Beijing's CBD area. China remains steadfast in its commitment to maintaining high-level openness to international engagement and defending the lawful rights of all market participants, said the Ministry of Commerce on Thursday. "Foreign entities that comply with the law have no cause for concern," said He, stressing the Chinese government continues …

China committed to letting foreign businesses flourish
6 months, 4 weeks ago

China committed to letting foreign businesses flourish

China Daily  

By Zhong Nan| chinadaily.com.cn| Updated :2024-05-24 A view of Beijing's CBD area. China remains steadfast in its commitment to maintaining high-level openness to international engagement and defending the lawful rights of all market participants, said the Ministry of Commerce on Thursday. "Foreign entities that comply with the law have no cause for concern," said He, stressing the Chinese government continues …

German carmakers upbeat on China market, green push
7 months, 1 week ago

German carmakers upbeat on China market, green push

China Daily  

The roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive is held in Shenyang, Liaoning province, on May 8. In 2023, China's automobile production and sales had reached 30.2 million and 30.1 million vehicles, respectively, representing year-on-year increases of 11.6 percent and 12 percent. China's automobile market has ranked first globally in terms of both production and …

Tech start-ups, SMEs to be main players in Sino-German cooperation: report
7 months, 1 week ago

Tech start-ups, SMEs to be main players in Sino-German cooperation: report

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. BEIJING - German high-tech start-ups and small and medium-sized enterprises are expected to be main players in the future cooperation between China and Germany, said a report issued at a two-day forum for Sino-German industrial cooperation and development that ended on Tuesday. The report, titled "China-Germany …

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