US firms bullish on China's industrial transformation

GE Vernova, Milliken, FedEx among the most enthusiastic

China's ongoing transformation and upgrade of traditional industries, coupled with the expansion of emerging sectors, will offer manufacturers in the United States vast opportunities for growth and commercial engagement, said executives of US corporations.

They said this strategic shift not only strengthens China's industrial landscape, but also creates new avenues for US firms to innovate and grow within its market, even against the backdrop of heightened geopolitical tensions and slowing demand for goods in many regions around the world.

Milliken & Co, a US specialty chemical and performance materials company, is expected to maintain double-digit growth in China through 2025, driven by the country's rising demand for high-end textile materials and chemicals.