Senior executives from major multinational companies have expressed strong confidence in China's market, saying they plan to increase investment and cooperation.
They made the remarks in interviews with China Media Group (CMG) at the ongoing China International Import Expo (CIIE) as China has recently announced plans for future development.
The country has just concluded the fourth plenary session of the 20th Central Committee of the Communist Party of China (CPC), which established guiding principles for economic and social development during the upcoming 15th Five-Year Plan period.
The in-the-making 15th Five-Year Plan will outline major objectives for economic and social development in the next five years, spanning from 2026 to 2030.
The executives highlighted that China's recent policies demonstrate the country's commitment to further opening-up, which greatly enhances their confidence.
"The upcoming 15th Five-Year Plan brings many, many opportunities for us as a company. Innovation and high-quality development are emphasized. And also there are future sectors like biotechnology, science, high-quality manufacturing and semiconductor. And as you can see on our booth, we have a lot of products and solutions to support these efforts. And besides this, I think also for us as a company, strategically, we want to integrate much closer into the China local ecosystem," said Martin Fischer, president and CEO of Zeiss Greater China. Zeiss is a German giant on optical systems.
"Following the convening of the fourth plenary session of the 20th Central Committee of the CPC, there is a strong sentiment that China will open wider and be more friendly to foreign investment. We've recognized it, therefore, we have great confidence in China," said Zhong Zhonglin, CEO of Nippon Paint China. "The first key point is strengthening the real economy and the manufacturing sector. The second is new quality productive forces -- how to leverage ground-breaking technologies to achieve socio-economic development. The third is high-quality development -- enterprises must not only invest but also enhance production and significantly improve economic efficiency," said Yu Feng, president of Honeywell China. Honeywell is a U.S. industrial conglomerate.
Other executives reaffirmed their commitment to the Chinese market, highlighted by their growing investments in the country.
"For 140 years, through both good times and challenges, Bayer has remained committed to China. This truly reflects the deep affection and commitment of a long-established German company with over a century of history to the Chinese market. Bayer has consistently increased its investment in the Chinese market for the past decade," said Zhang Lei, vice president of communications for Bayer Group Greater China and North East Asia.
"Our investment in China has not scaled back but rather increased over the past five years. Just two weeks ago, we launched our latest liquid milk production line in China's Qingdao City, further demonstrating our confidence in the future of the Chinese market," said Fang Juntao, senior vice president of Nestle Greater China.
"Henkel made the acquisition of Suzhou Boke Biotechnology Group this year. We will continue to expand our production capacity in China and introduce more advanced manufacturing equipment. We are constantly investing and adapting to the evolving Chinese market," said Anna An, president of Henkel Greater China. Henkel is a German consumer goods company.
The eighth CIIE, running from Nov 5 to 10 in Shanghai, has attracted a record number of international exhibitors.
Global executives reaffirm commitment to enhancing investment in China
