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 environment have created excellent opportunities for foreign multinationals," said Vincent Bruneau, vice-president for global supply chain at Schneider Electric. China has maintained its position as the world's second-largest recipient of foreign investment despite declines in global cross-border investment, a report released at the fair by the Development Research Center of the State Council showed. "China's two-way investment promotes mutual benefits and win-win outcomes with the rest of the world, while foreign-invested enterprises in China enjoy market opportunities and development dividends," said Luo Yuze, deputy director of the Foreign Economic Research Department, which is part of the Development Research Center of the State Council.

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History of this topic

Opening-up to spur foreign trade growth
1 week, 1 day 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, 1 day 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 …

Xiamen's commercial system drives high-quality development
2 weeks ago

Xiamen's commercial system drives high-quality development

China Daily  

Xiamen's commercial system actively coordinates resources from both domestic and international markets, playing a crucial role in shaping a new development paradigm. Xiamen's total import and exports have increased to $134.87 billion, and total retail sales of consumer goods have reached 274.33 billion yuan, contributing to the economic and social development of the city. Opening up and stengthening cooperation Xiamen …

Xiamen enterprises generate $276m in transactions at 136th Canton Fair
1 month, 2 weeks ago

Xiamen enterprises generate $276m in transactions at 136th Canton Fair

China Daily  

The booth of Xiamen Unibest Import and Export Co Ltd at the 136th Canton Fair. The Xiamen delegation at the 136th Canton Fair consisted of a record 700 exhibiting companies operating 1,861 booths, including 365 branded booths. The Canton Fair is an important customer acquisition channel for Xiamen foreign trade enterprises. Xiamen Unibest Import and Export Co Ltd participated in …

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 …

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 …

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 …

China's two-way investment a global positive
3 months, 2 weeks ago

China's two-way investment a global positive

China Daily  

Merchants visit the "Invest in China" area of the 24th China International Fair for Investment and Trade in Xiamen, Fujian province, Sept 8, 2024. China's attractiveness in opening-up and cooperation is strengthening, and the two-way investment is realizing new development, Xinhua News Agency reported, quoting a report released during the International Investment Forum 2024 on Sunday. China's two-way investment brings …

Investment fair to show foreigners opportunities in China
3 months, 4 weeks ago

Investment fair to show foreigners opportunities in China

China Daily  

Visitors check booths during the 23rd China International Fair for Investment and Trade in Xiamen, Fujian province, on Sept 8, 2023. LIN SHANCHUAN/XINHUA The 24th China International Fair for Investment and Trade is ready to show foreign investors with plenty of opportunities to tap the Chinese market further, as well as accelerate the country's opening-up and integration into the global …

China to hold intl fair to enhance global investment links
3 months, 4 weeks ago

China to hold intl fair to enhance global investment links

China Daily  

This photo taken on Sept 8, 2023 shows a view of the 23rd China International Fair for Investment and Trade in Xiamen, East China's Fujian province. BEIJING -- The 24th China International Fair for Investment & Trade will be held from Sept 8 to 11 in Xiamen, East China's Fujian province, the organizer said Monday. Meanwhile, the CIFIT will also …

Qingdao summit promotes investment and cooperation with multinationals
3 months, 4 weeks ago

Qingdao summit promotes investment and cooperation with multinationals

China Daily  

Shandong province will host the fifth Qingdao Multinationals Summit this week from Tuesday to Thursday as part of its efforts to establish itself as a hub of high-level openness by refining its systems for international cooperation. With the theme "Multinationals and China", the summit will feature a multinational corporation investment and cooperation conference, organize themed promotions for functional zones, and …

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. …

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. …

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  

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  

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, …

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 …

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 …

Cooperation trumps competition for win-win
10 months, 3 weeks ago

Cooperation trumps competition for win-win

China Daily  

Visitors are at the zero-carbon city sand table at the exhibition stand of Schneider Electric SE during the 6th China International Import Expo in Shanghai on Nov 7. TIAN YUHAO/CHINA NEWS SERVICE Decades ago, multinational corporations operating in China employed a simple, two-step formula to manage their businesses: introduce products that proved successful elsewhere already; and use local factories to …

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 …

Shandong retains strong appeal for investment
1 year, 1 month ago

Shandong retains strong appeal for investment

China Daily  

A worker processes equipment parts at a high-tech company in Rizhao, Shandong province. From January to September this year, the actual utilization of foreign investment in Shandong province reached 102.21 billion yuan, the fifth largest in the country, officials from the Shandong Provincial Department of Commerce announced at a news conference on Oct 30. During this period, the actual utilization …

Shandong retains strong appeal for investment
1 year, 1 month ago

Shandong retains strong appeal for investment

China Daily  

A worker processes equipment parts at a high-tech company in Rizhao, Shandong province. From January to September this year, the actual utilization of foreign investment in Shandong province reached 102.21 billion yuan, the fifth largest in the country, officials from the Shandong Provincial Department of Commerce announced at a news conference on Oct 30. During this period, the actual utilization …

Foreign-funded companies laud full opening-up in manufacturing
1 year, 1 month ago

Foreign-funded companies laud full opening-up in manufacturing

China Daily  

Employees work on the smart production line of a foreign-funded electronics enterprise in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY Executives of foreign businesses have reaffirmed their resolve to ramp up investment in China, following the country's decision to remove all restrictions on foreign investment in the manufacturing sector. Sharing similar views, James Han, president for China unit of Wartsila …

UNCTAD senior official hails China's efforts in facilitating trade
1 year, 2 months ago

UNCTAD senior official hails China's efforts in facilitating trade

China Daily  

The UNCTAD's World Investment Report highlights the efforts that China has made in terms of trade facilitation, liberalization, and attracting foreign investment through various measures, said Pedro Manuel Moreno, deputy secretary-general of United Nations Conference on Trade and Development, in an exclusive interview with China Daily during the fourth Qingdao Multinationals Summit on Oct 11. However, the situation in China …

Foreign firms set to invest more
1 year, 2 months ago

Foreign firms set to invest more

China Daily  

The 134th session of the China Import and Export Fair, or Canton Fair, opens in Guangzhou, Guangdong province, on Sunday. ZOU WEI/FOR CHINA DAILY Multinational companies see China as strategically important for operations Heads of several multinational companies have said that they will continue to invest in China due to the country's strategic importance in their global operations as Vice-Minister …

UNCTAD head official hails China's efforts in facilitating trade
1 year, 2 months ago

UNCTAD head official hails China's efforts in facilitating trade

China Daily  

The UNCTAD's World Investment Report highlights the efforts that China has made in terms of trade facilitation, liberalization, and attracting foreign investment through various measures, said Pedro Manuel Moreno, deputy secretary-general of United Nations Conference on Trade and Development, in an exclusive interview with China Daily during the fourth Qingdao Multinationals Summit on Oct 11. However, the situation in China …

UNCTAD senior official hails China's efforts in facilitating trade
1 year, 2 months ago

UNCTAD senior official hails China's efforts in facilitating trade

China Daily  

The UNCTAD's World Investment Report highlights the efforts that China has made in terms of trade facilitation, liberalization, and attracting foreign investment through various measures, said Pedro Manuel Moreno, deputy secretary-general of United Nations Conference on Trade and Development, in an exclusive interview with China Daily during the fourth Qingdao Multinationals Summit on Oct 11. However, the situation in China …

Qingdao Multinationals Summit landmark event for boosting opening-up
1 year, 2 months ago

Qingdao Multinationals Summit landmark event for boosting opening-up

China Daily  

The fourth Qingdao Multinationals Summit, jointly organized by the Ministry of Commerce and the Shandong Provincial People's Government with approval from the State Council, will take place in the eastern coastal city of Qingdao from Oct 10 to 12. In the face of the new global situation and on the basis of soliciting opinions from multinational corporations and other parties, …

Guidelines unveiled to draw more foreign investment
1 year, 3 months ago

Guidelines unveiled to draw more foreign investment

China Daily  

A view of the Lujiazui area in Shanghai. The guidelines, which were part of a policy document released on Sunday by the State Council, China's Cabinet, cover topics such as encouraging foreign investors to undertake major scientific research projects, ensuring equal treatment of foreign and domestic companies and exploring a convenient and secure management mechanism for cross-border data flows. This …

Shandong optimizes ways of drawing, deploying foreign investment
1 year, 3 months ago

Shandong optimizes ways of drawing, deploying foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. Since the beginning of this year, in the face of a challenging and complicated international investment environment, Shandong has launched a slew of supportive policies to further incentivize foreign companies to expand their operations in the province, local officials said this week. Efforts have been made to promote Shandong's …

Guidelines unveiled to draw more foreign investment
1 year, 4 months ago

Guidelines unveiled to draw more foreign investment

China Daily  

By Zhong Nan and Wang Keju| China Daily| Updated :2023-08-14 A view of the Lujiazui area in Shanghai. The guidelines, which were part of a policy document released on Sunday by the State Council, China's Cabinet, cover topics such as encouraging foreign investors to undertake major scientific research projects, ensuring equal treatment of foreign and domestic companies and exploring a …

Guidelines unveiled to draw more foreign investment
1 year, 4 months ago

Guidelines unveiled to draw more foreign investment

China Daily  

A view of the Lujiazui area in Shanghai. The guidelines, which were part of a policy document released on Sunday by the State Council, China's Cabinet, cover topics such as encouraging foreign investors to undertake major scientific research projects, ensuring equal treatment of foreign and domestic companies and exploring a convenient and secure management mechanism for cross-border data flows. This …

Foreign firms get further incentives
1 year, 4 months ago

Foreign firms get further incentives

China Daily  

A view of Canton Tower in Guangzhou, Guangdong province. More intl investors see nation as ideal destination as opening-up accelerates China's economy will become an even more attractive destination for high-quality and long-term foreign investment as a result of the nation's stepped-up efforts to shore up economic growth and push continuous progress in deepening reforms and expanding opening-up, said market …

China continues to attract investment from MNCs
1 year, 4 months ago

China continues to attract investment from MNCs

China Daily  

During the seventh Liangma Silk Road International Forum held in Beijing on July 27, Mark Harrison, a partner at KPMG in China, highlighted the unwavering commitment of multinational corporations to the Chinese market. The event, hosted by the China International Youth Exchange Center and co-organized by KPMG, brought together over 50 representatives from various sectors to discuss "New Paths for …

Shandong remains hotspot for foreign investment
1 year, 4 months ago

Shandong remains hotspot for foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. East China's Shandong province remains a highly favored investment destination for global companies, said local officials at a recent news conference. In the first half of the year, Shandong invested $1.21 billion into various BRI countries, an increase of 19.4 percent year-on-year, accounting for 25 percent of the province's …

Increased demand buoys country's exporters
1 year, 7 months ago

Increased demand buoys country's exporters

China Daily  

SONG CHEN/CHINA DAILY Foreign trade helps with advance on Chinese path to modernization Zhou Jiahui, president of Ningbo Aijia Electrical Appliances Co, recently spent a lot of time at the company's design unit and workshops in Zhejiang province. China's foreign trade, supported by resurgent overseas demand, closer business ties with emerging markets, and various industrial upgrading efforts, grew by 5.8 …

Investment conference adds choice for Canton Fair guests
1 year, 8 months ago

Investment conference adds choice for Canton Fair guests

China Daily  

Monthly domestic road shows and quarterly global promotions are either in the pipeline or planned, he said, adding that more investment promotion agencies will be set up in Europe, the Middle East and other regions. Hong said with the idea that "projects are the lifeline", Guangzhou will focus on developing the manufacturing industry and has selected a list of target …

Investment Guide
1 year, 8 months ago

Investment Guide

China Daily  

Overview of Xiamen Xiamen, located on the west side of the Taiwan Straits, was one of the first four Special Economic Zones in China and helped pave the way for the country to open up. The government has formulated policies to create three trillion-yuan-level industrial chains dealing with panel display, computer and communication equipment, semiconductor and integrated circuit, software and …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A Siemens staff member introduces the company's surgical robot to doctors in Qionghai, Hainan province, in 2021. Hou Yang, chairman and CEO of Microsoft Greater China, said multinationals are joining policymakers in hoping that measures announced at the two sessions will effectively reboot China's economic development dynamics, both internal and external. "At the highest level, Microsoft believes that the digital …

Shandong stabilizes foreign trade, investment
1 year, 10 months ago

Shandong stabilizes foreign trade, investment

China Daily  

Containers at a port in Qingdao, East China's Shandong province, on Jan 22, 2023. East China's Shandong province plans to ramp up efforts to stabilize foreign trade and investment and expand opening-up this year, according to officials from the Department of Commerce of Shandong. Official data showed that in 2022, the total value of Shandong's foreign trade reached a record …

Foreign investors' latest targets in China
1 year, 10 months ago

Foreign investors' latest targets in China

China Daily  

New policies help integrate services, manufacturing to enhance industrial and supply chains Those hurt by COVID-19 disruptions to economic activities may want to call 2022 annus horribilis, but for German company Freudenberg Group that operates in China, last year was a good period. Experts said China's manufacturing sector is expected to become even more attractive to foreign investors, as stronger …

Xiamen prospers in 2022
1 year, 10 months ago

Xiamen prospers in 2022

China Daily  

In 2022, Xiamen's gross domestic product reached 780.27 billion yuan, up 4.4 percent year-on-year, 1.4 percentage points higher than the nation's average. Last year, Xiamen's investment in fixed assets reached 297.11 billion yuan, up 10.2 percent year-on-year, and 5.2 and 2.7 percentage points higher than that of Fujian province and the nation, respectively. At the same time, retail sales grew …

Why China is a fertile investment ground for MNCs
2 years, 1 month ago

Why China is a fertile investment ground for MNCs

China Daily  

By Zhong Nan | China Daily| Updated :2022-11-23 Visitors check out Bayer products during the fifth CIIE in Shanghai on Nov 6. From the perspective of overall consumption power, China's long-term rapid economic growth has created a new middle-income group with strong purchasing power, while new technologies have developed rapidly in the background. Another point they might ponder in the …

Xiamen's improved business environment attracts investors
2 years, 2 months ago

Xiamen's improved business environment attracts investors

China Daily  

chinadaily.com.cn | Updated: 2022-10-19 Thanks to the local government's continuous efforts to optimize its business environment over the past years, the coastal city of Xiamen in East China's Fujian province has witnessed a substantial growth in business registrations this year. According to official data released by the city's administration for market regulation, a total of 98,963 new market entities were …

Shandong signs $15.6b deals for 99 projects
2 years, 6 months ago

Shandong signs $15.6b deals for 99 projects

China Daily  

A signing ceremony for 99 projects is held during the third Qingdao Multinationals Summit on June 20. Qingdao summit sees MNCs backing China's efforts to boost supply chains China's eastern province of Shandong sealed foreign investment deals worth $15.6 billion for 99 projects in various cities on Monday. With global transnational investment in manufacturing shrinking, China, with its huge market …

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