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Global firms eye vast opportunities in China's innovation-driven market

China

China

China

Global firms eye vast opportunities in China's innovation-driven market

2025-03-25 12:30 Last Updated At:13:07

China's commitment to high-quality development and an open economy is unlocking new growth avenues for global businesses, with multinational corporations increasingly tapping into the country's innovation-driven market, participants noted at the just-concluded China Development Forum 2025.

The China Development Forum (CDF), the first major international conference after China's Two Sessions this year, was held in Beijing on Sunday and Monday, attracting the wide attendance of international organizations as well as CEOs from over 80 multinational giants including Apple, BMW AG and AstraZeneca.

A total of 86 senior representatives from 21 countries attended, underscoring China's enduring appeal as a hub for investment and technological collaboration.

"And we see a tremendous amount of runway today, and we have almost 400 stores in this market in over 90 cities in China. And we see tremendous amount of growth potential in the future," said Joanne Crevoiserat, CEO of Tapestry Inc.

Many multinationals are expanding their research and development presence in China, drawn by its advanced digital infrastructure and skilled workforce.

"China provides many opportunities on the production side. In our plant in Shenyang, where we use more than 200 different AI applications already, that is not something new and that has been built up already since 2018. It's our most progressive plant in terms of AI," said Oliver Zipse, chairman of the board of management of BMW AG.

On the other hand, Chinese firms are increasingly exporting high-end manufacturing and clean energy solutions worldwide.

"Innovation and development bring not only opportunities, but also market size. In fact, we are basically filled with orders for wind power products this year, and the transfer of technology and equipment to the world is now in full swing. Companies in the field of electronic information, and artificial intelligence are connecting with us to build support systems for green electricity and zero-carbon energy," said Zhang Chuanwei, president of Mingyang Smart Energy Group.

Since the start of 2025, China has taken multi-pronged measures to stabilize foreign investment. In January, the country issued an action plan to stabilize foreign investment, as the country mulls expanding the scope of its opening-up pilot program this year, while related government agencies have helped resolve more than 500 issues for foreign-funded enterprises through roundtable meetings, according to the Chinese Ministry of Commerce.

Global firms eye vast opportunities in China's innovation-driven market

Global firms eye vast opportunities in China's innovation-driven market

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China sends 11th group of medical experts to Ethiopia

2025-05-17 22:01 Last Updated At:22:37

A Chinese medical team left China on Saturday heading for Ethiopia, where they will offer technological assistance and support to talent development in the country's healthcare sector over the next 12 months.

The 14-member team includes experts in clinical medicine, medical technology, hospital administration, and logistical support.

Mainly selected from the First Hospital Affiliated to the Army Medical University (AMU) in southwest China's Chongqing Municipality, the team members possess extensive experience in medical practice and management.

During the mission, the experts will help the country's military hospitals to enhance medical service capacity, promote the application of new technologies, strengthen hospital operations, train professional personnel, and support the establishment of healthcare management systems, thereby contributing to the improvement of local medical services.

"I feel deeply honored by this mission, and I'm fully aware of the responsibility it carries. We are committed to carrying forward the spirit of China's overseas medical teams, which features tenacity, dedication, commitment to saving lives, and love that knows no borders, and will apply our skills for the benefit of the Ethiopian military and civilians," said team member Guo Hao from the AMU.

Since 2015, the AMU hospital has dispatched 11 batches totaling more than 100 medical experts to Ethiopia.

Their efforts gave strong support to achieving notable progress in medical facility construction, and technological and talent development in the country's healthcare sector.

China sends 11th group of medical experts to Ethiopia

China sends 11th group of medical experts to Ethiopia

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