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Industry-leading global firms stay bullish on China, eye greater opportunities

China

China

China

Industry-leading global firms stay bullish on China, eye greater opportunities

2025-03-24 17:23 Last Updated At:19:57

International business leaders at the ongoing 2025 China Development Forum (CDF) have underscored the willingness to expand their presence in China, highlighting the country's market attractiveness and growth potential.

The two-day CDF opened in Beijing on Sunday, under the theme "Unleashing Development Momentum for Stable Growth of Global Economy", attracting over 100 foreign guests, including 86 official representatives of multinational companies from 21 countries.

Oliver Zipse, CEO of German carmaker BMW, praised China's comprehensive approach to new energy vehicle (NEV) development, stressing that his company seeks to get involved.

"I think the NEV policy in China here -- consisting, perhaps, of long-range plug-in hybrids, range extenders and also hydrogen -- is, I think, the best whole set-up for developing the NEV policy. BMW sold last year 100,000 NEV vehicles here in China. So we are participating in the market. And at the end of this year, we will introduce our new platform, it's called the Neue Klasse. It's a pure electric car, which is partially developed here in China, and we're looking forward to that," he said.

Shane Tedjarati, vice chairman of Prologis Global, a world-leading industrial real estate company headquartered in San Francisco, also spoke highly of China's role in global supply chains.

"Obviously a lot of global companies are in China and we serve them globally everywhere and we want to serve them seamlessly here. Increasingly, China's consumer economy is growing, so a lot of Chinese companies have their supply chain needs and we help them with their supply chain needs here," he said.

Industry-leading global firms stay bullish on China, eye greater opportunities

Industry-leading global firms stay bullish on China, eye greater opportunities

Industries based on the BeiDou Navigation Satellite System (BDS) are likely to see their scale top 1 trillion yuan (about 144.9 billion U.S. dollars) in five years, according to China's National Development and Reform Commission (NDRC). Currently, the BeiDou Satellite Navigation System has entered a phase of rapid development featuring market operation, industrial application and international cooperation.

BeiDou's high-precision services are employed across various fields, including transportation, logistics, agricultural machinery, and deep-sea fishing. Additionally, its short message service offers a reliable backup for emergency response and disaster relief.

The NDRC stated that during the 15th Five-Year Plan period, China will continue to implement the project for large-scale application of BeiDou and strive to expand the Beidou industry's scale to exceed 1 trillion yuan within five years.

In the future, China will continue to foster the development of new BeiDou technologies and products, implement major projects for the large-scale application of BeiDou by expanding its use in consumer markets, public services, and emerging fields such as autonomous driving, the low-altitude economy, and intelligent robotics, as well as enhance the quality of international services to provide secure and user-friendly public services to more countries around the world.

China's BeiDou industries to exceed 1 trillion yuan in 5 years

China's BeiDou industries to exceed 1 trillion yuan in 5 years

China's BeiDou industries to exceed 1 trillion yuan in 5 years

China's BeiDou industries to exceed 1 trillion yuan in 5 years

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