Current location:business >>
New quality productive forces boost MNCs
business5People have gathered around
IntroductionChina's focus on advancing its high-end manufacturing sector and fostering new quality productive fo ...
China's focus on advancing its high-end manufacturing sector and fostering new quality productive forces will generate fresh growth points for multinational corporations, making the global economy and supply chains even greener and diversified, said top executives of foreign industrial and technology conglomerates.
At the China Development Forum, which was held in Beijing from Sunday to Monday, they noted that in the context of a rapidly changing global economy, green and strategic emerging industries are poised to strengthen new quality productive forces and drive innovation. These industries are seen as key indicators of the direction of the latest technological revolution and industrial transformation.
New quality productive forces refers to advanced productivity freed from traditional economic growth modes and productivity development paths. It features high-tech, high efficiency and high quality, and is in line with the new development philosophy.
Highlighting that the concept of new quality productive forces remains fully aligned with his group's growth strategy, Roland Busch, president and CEO of Siemens AG, said the German company will complete an expansion project of its digital factory in Chengdu, Sichuan province, by the end of the year.
"Investors are always on the lookout for markets that are at the forefront of innovation and where progress is rapid. China is one such market," said Busch, adding that businesses in China are rapidly adopting new technologies to maintain their competitive edge in various markets, often surpassing the pace of their counterparts elsewhere. This makes the country a highly dynamic market.
Similar views were shared by Kim Fausing, president and CEO of Danish technology and engineering conglomerate Danfoss Group.
"To capture the business opportunities in China's green transition, we have been continuously investing in the country, especially in smart manufacturing and innovation," Fausing said.
In addition to building an IGBT(insulated-gate bipolar transistor) semiconductor power module plant in Nanjing, Jiangsu province, with an investment of 100 million euros ($108 million), Danfoss will launch construction of the second phase of its largest manufacturing and innovation base in Haiyan, Zhejiang province, in April. Upon completion, this expansion will bolster Danfoss operations not only in China but also on a global scale.
"The new Haiyan campus will be one of the largest production sites in Danfoss global history," said Fausing. "As China takes more steps to fulfill its commitment to further open up, attract foreign investment and reinforce confidence, we look forward to closer cooperation with our local partners to accelerate the formation of new quality productive forces, as well as deepen our involvement in the country."
To broaden market access for foreign investment, China will remove restrictions on foreign participation in the manufacturing sector and continue to increase openness in sectors such as telecommunications and healthcare, according to an action plan released by the General Office of the State Council, China's Cabinet, last week.
Emphasizing that China's ongoing green transformation has created business opportunities for foreign companies operating in the country, Miguel Lopez, board chairman and CEO of Thyssenkrupp AG, said the German firm will expand its expertise in eco-friendly, high-end manufacturing sectors, including wind power, vehicles, green hydrogen, chemicals, cement and steel in the country in the coming years.
Foreign direct investment in China's high-tech manufacturing sector jumped 10.1 percent year-on-year to 28.27 billion yuan ($3.92 billion) in the first two months, said the Ministry of Commerce.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Channels news portal”。http://janmayen.boluescortbayan.net/content-20a499931.html
Related articles
After a deadly heat wave last summer, metro Phoenix is changing tactics
businessPHOENIX (AP) — Terrified of being assaulted in a shelter, Pearl Marion couch surfed with family memb ...
【business】
Read moreNow and Then co
businessDemi Moore and Melanie Griffith looked sensational on Thursday as they attended the 25th Edition of ...
【business】
Read moreWoman is branded a 'bad person' after insisting pet owners should not take on 'life
businessFrom adorable pups to cuddly kittens, animals are valued members of many families, with a lot of own ...
【business】
Read more
Popular articles
- New court challenge filed in Pennsylvania to prevent some mail
- Khloe Kardashian seen for the first time since OJ Simpson's death
- Legendary CBS announcer Jim Nantz gets tongues wagging on social media after making an X
- Ryan Gosling makes rare comment about daughters while discussing I'm Just Ken performance at Oscars
- Venezuela revokes invitation for EU mission to observe presidential election in July
- Khloe Kardashian seen for the first time since OJ Simpson's death
Latest articles
Netflix fans DEMAND a second season of streaming site's hit new show just days after its release
Afghan migrant on terror watch list spent a YEAR in the U.S. after he was released by Border Patrol
Teresa Urquijo, 28, granddaughter of Princess Teresa of Bourbon
Horoscope today: Daily guide to what the stars have in store for YOU
New court challenge filed in Pennsylvania to prevent some mail
Brunei's Prince Abdul Mateen
LINKS
- Blinken will visit the Mideast again this week. What can he achieve?
- Ryan Truex goes back
- Cole Irvin throws 7 innings of 4
- The Packers will have plenty of new players to work into their new defensive scheme
- Penix wowed Falcons' Morris, Fontenot with sound of his passes in pre
- Miserable runs continue for Juventus and injury
- Luka Doncic and defensive
- Vitality of traditional Chinese culture shines in museum
- Jets trade defensive lineman John Franklin
- Commanders get their QB in Jayden Daniels, fill several holes in the NFL draft