Execs hope US, China can find way forward

Bilateral cooperation supports global economic growth, mitigates tensions

Despite the recent United States' tariff hikes impacting economies worldwide, foreign corporations have reiterated their strong commitment to the Chinese market, with business executives and market watchers on Monday stressing that China-US cooperation offers more benefits than drawbacks.

These firms emphasize that China's role in global supply chains remains irreplaceable, and they believe that China-US cooperation not only supports global economic growth, but also helps mitigate disruptions to corporate operations caused by rising trade tensions.

One such firm is Denmark's Scan Global Logistics. The company plans to open new offices and service facilities in cities including Hangzhou, Zhejiang province; and Nanjing and Wuxi in Jiangsu province, invest in warehousing operations and expand its fleet of electric trucks over the next five years within China.