Xiamen-foreign companies are expanding their investment in the China market with a more localized development strategy and a firm belief in China’s future.
Under the leadership of the American Chamber of Commerce in South America (AmCham), more than 100 senior leaders from US companies demonstrated their greater interests in China at the China International Investment and Trade Fair (CIFIT) in the coastal city. For the 17th consecutive year in Xiamen, Fujian Province, in eastern China.
Harley Sayeding, president of the American International Chamber of Commerce in South China, said: “We come to the China International Investment and Trade Commission to ensure that we have ways and means to conduct business with our friends in China.”
A report released by the Chamber of Commerce earlier this year showed that multinational companies have not yet withdrawn from the Chinese market on a large scale, and they remain keenly interested in investing in China. The report attributes it to the market’s growth potential and a relatively high return on investment.
As Seyedin pointed out, China has a market full of opportunities and cooperation space.
OSI Group, a US-based global food processor, has invested more than $1 billion in China over the past 30 years and plans to continue to increase its investment horizon and adjust its development strategy based on China’s opportunities.
Cai Hua, Director of Government Affairs of OSI Group China Office, said: “China has been continuously introducing new industrial upgrading measures to provide strong support for multinational companies developing in China market.”
The French agricultural company Louis Dreyfus Company has positioned China as a future investment focus by improving its localization strategy.
“We are working with the food online ticketing service platform Meituan and investing in Chinese startup Luckin Coffee, which reflects the progress we have made in working with local companies to serve consumers together,” Louis. The vice president said Dreyfus China.
China’s opening up policy also provides more opportunities for foreign companies to establish links with the world.
Chen Silin, vice president of Asea Brown Boveri (ABB) China, said: “Today, we have more than 2,000 R&D personnel in China to provide innovative products to the world.”
Chen pointed out that as the world’s largest provider of automation technology, ABB has taken root in China from investing in China market to serving globally, adding that ABB has more than 280 projects related to the “Belt and Road” initiative in the past year. To benefit the company a lot.
Seyedin said that in addition to the US-led multinational company investing 150 million yuan (about 21 million US dollars), this year’s CIFIT will announce more projects.
He said: “I personally feel that we are full of confidence in investing in China.”