MNCs harness Chinese market dynamism

Multinational corporations remain adamant in scaling up investment in the Chinese market, shifting from manufacturing to a comprehensive model that integrates innovation and green growth, particularly in sectors like consumer goods and smart manufacturing, said business executives.

Instead of merely shipping goods out of Chinese factories, global companies are now embedding full research, design and after-sales service functions in their China operations, they said.

After acquiring a majority stake in Shandong Junjun Cheese Co Ltd in China in 2022, French cheesemaker Bel Group announced earlier this month that it will build its second factory in China in Yucheng, Shandong province.