Maersk, the world's leading global logistics company, has expressed confidence in China's economic vitality and revealed plans to expand investments to meet the rising demand in the local market.
Vincent Clerc, CEO of A.P. Moller - Maersk, the world's leading logistics company with nearly a century of ties to China, emphasized Maersk's confidence in China's sustained economic growth and its position as a global trading hub, during a Friday interview with China Global Television Network (CGTN).
Earlier on Friday, Clerc joined over 40 global chairmen and CEOs, along with business council representatives, at a meeting in Beijing where Chinese President Xi Jinping delivered a speech to boost foreign investors' confidence in China.
During the interview, Clerc discussed China's commitment to expanding market access and attracting increased investment from multinational corporations.
"I think it's always important to stay close in times of uncertainty to your core markets, your core customers, and your core stakeholders. And it was a pleasure to attend a meeting today with President Xi and some international CEOs, and hear his perspective about the future for the Chinese economy and the stance of China in the middle of all this uncertainty, restating the commitment of China to being a beacon of stability, to focusing on quality growth both in terms of manufacturing, but also in terms of the consumer market here in China, and how welcome international companies are still in China to continue to develop and bring about both prosperity for themselves and for the Chinese market through their activities," said the CEO.
He emphasized that the company's investment in Shanghai's Lingang Special Area demonstrates its strong commitment.
"We have a significant position in warehousing and distribution in China. We have actually a very large investment in Lingang, just outside Shanghai, which will be coming online later this year and will provide absolute state-of-the-art warehousing services. And it will be a really amazing facility to serve Chinese consumers. So, we look very much forward to the opening in November and we continue to review the many other opportunities that there will be to invest. I think for us, since the 100 years that we've been doing business in China, we have followed the needs of the Chinese market. These things have greatly evolved over that century and they will continue to evolve at a big pace in the coming years. And we will be there to support them and make the necessary investment, whatever it is necessary," Clerc said.
Maersk CEO highlights China's economic strength, plans to expand investments
