A large number of multinational enterprises participate in the China International Fair for Trade and Investment, continuously increasing their presence in the Chinese market

The 26th China International Fair for Investment and Trade (CIFIT) will be held in Xiamen, Fujian from September 8th to 11th. As one of the iconic events of "Invest in China", this exhibition attracted a large number of multinational companies to attend, and multiple foreign capital increases and new projects were signed and unveiled.

In the face of the complex global economic environment, foreign-funded enterprises choose to continue to increase the size of the Chinese market, deepen the industrial chain and innovation chain, and share the development dividends brought by Chinese path to modernization.

China is one of ABB's largest markets globally, with significant growth potential in many areas and a pivotal strategic position. ”ABB CEO Martin said that for decades, ABB has continued to increase its investment in China and deeply cultivate the local market. In the future, ABB will further expand manufacturing capacity, strengthen local research and development, upgrade service capabilities, consolidate ABB's long-term strategy of "in China, for China", help customers achieve lean operations and green transformation, and contribute to building a more efficient and sustainable future for China.

Masaharu Nakayama, Executive Director of Panasonic Corporation, who participated in this year's Investment and Trade Fair, stated that China's innovative landing and application capabilities in the field of AI, combined with Panasonic's technological accumulation and global network, as well as emerging growth markets such as the silver economy, hold enormous opportunities.

China is one of the fastest iterating and most fiercely competitive markets in the world. Products refined in the most demanding markets have the strength to compete globally, "said Zhongshan Zhengchun. The company is delegating authority to its Chinese branch and increasing research and development investment, hoping to promote mature products, technologies, and business models developed in China to the world.

Zhongshan Zhengchun introduced that since Panasonic settled in Xiamen Torch High tech Zone in 1995, it has invested and laid out for more than 30 years. Xiamen has a solid industrial foundation, and Panasonic will continue to consolidate its technological strength in Xiamen, promote the coordinated development of home appliances and big health businesses; at the same time, expand its years of accumulated precision technology to new fields such as smart devices and medical care

In October this year, Schneider Electric Xiamen New Industrial Park will be officially completed and put into operation, becoming its largest production base of medium voltage electrical equipment in the world, radiating overseas markets such as countries co constructing the "the Belt and Road".

Gao Feike, Global Executive Vice President and Head of Energy Management Business at Schneider Electric, stated that Schneider Electric has long adhered to the "China Center" strategy, actively seized opportunities for industrial transformation, continuously increased investment in innovation in China, and deeply participated in the construction of China's modern industrial system.

According to data released by the Chinese Ministry of Commerce, there were 37711 newly established foreign-invested enterprises in China from January to July this year, a year-on-year increase of 4.4%. The actual use of foreign investment in high-tech industries was 182.31 billion yuan, a year-on-year increase of 32.7%. In the first half of this year, nearly 4800 foreign-funded enterprises increased their investment in China.