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Multinationals Back Investment in China – Xinhua

Business leaders of nearly 30 Fortune Global 500 companies spoke about innovation-driven development at a virtual forum


People inspect a Volkswagen ID.4X EV in a showroom in Chengdu in China's Sichuan province
Volkswagen is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China. Photo: Reuters

 

Chinese Premier Li Keqiang said companies from all over the world are welcome to further expand investment in China and deepen cooperation, Xinhua reported from the virtual dialogue at the Global CEO Council in Beijing.

Business leaders of nearly 30 Fortune Global 500 companies, including Schneider Electric, Dow, ABB, Panasonic and Volkswagen, spoke on innovation-driven development, green and low-carbon transition, and multinational companies’ opportunities in China.

Read the full report: Xinhua.

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.