BEIJING, Dec. 5 (Xinhua) -- Along with China's reform and opening-up, more and more foreign firms have entered Chinese market, targeting the country’s vast development opportunities.
According to the data released by the Ministry of Commerce, the number of newly-registered foreign-invested firms recorded 45,922 in the first three quarters of this year, an increase of 95.1 percent year on year, with actual use of foreign capitals at 636.7 billion yuan, up 2.9 percent year on year.
The statistics showed that most foreign investors are optimistic about China's development prospects and China is emerging as a more and more attractive destination for foreign investment.
-- Malaysia's confidence in China's business opportunities
Malaysia has been a firm supporter of the Belt and Road Initiative. Over the past years, a variety of Malaysian exports like Musang King and Ipoh white coffee has found favor with a growing number of Chinese consumers. Due to the great popularity of Malaysian exports, China has topped the list of export destinations of Malaysian suppliers.
Malaysia boasts quality-assured products while China enjoys vast market. So, there is huge potential for further economic and trade cooperation between Malaysia and China, said Dato' Ng Wan Peng, chief operating officer of the Malaysia Digital Economy Corporation (MDEC).
Over years, the Malaysian government has worked with Chinese e-commerce platforms to provide relevant knowledge and skills training for entrepreneurs from small and medium-sized enterprises in Malaysia.
Dato' Ng Wan Peng also hoped that the first China International Import Expo (CIIE) to be held in Shanghai in November will help arouse interest of more Chinese firms and customers in Malaysian products.
Xiong Zhenhua, sales manager of Tropical Resources (Asia) Limited, a durian producer of Malaysia, mentioned that over the past two years, the sales volume of the company has skyrocketed with 300 tons of durian products including frozen pulp and puree being exported to China annually.
“65 percent of our products are exported to China. Now, we have a team for communicating with Chinese customers through the e-commerce platform. In order to further expand our presence, the company plans to establish a new factory next year,” Xiong said.
-- Germany's plan for increasing investment in China
Germany's BMW Group and the domestics Brilliance Auto jointly made an announcement that their joint venture contract will extend from 2028 to 2040.
Meanwhile, BMW Group pledged an additional investment of 3 billion EUR in BMW Brilliance, with annual capacity from 520,000 units to 650,000 units in the following three to five years, creating 5,000 new jobs for locals.
Harald Krüger, CEO of BMW indicated that the group has placed the Chinese market as the top priority on its development front. However, BMW’s strategy has eyed not only China's huge consumption market, but also China's potential for a global production base which can directly export autos to other global markets.
Since 2017, German firms have expanded their investment in Chinese market. By 2025, Volkswagen Group has planned to invest over 10 billion EUR in electric mobility market in China, and launch nearly 40 kinds of new energy vehicles.
The Daimler AG and Beijing Automotive Group plan a joint investment of more than 11.9 billion yuan in the new production base of Beijing Benz Automotive; BASF, the world's largest chemical producer, revealed an investment plan worth 10 billion U.S. dollars to build an integrated fine chemical engineering base in Zhanjiang city of East China's Guangdong Province.
-- Japan's focus on China's consumption market
Over the past 40 years of reform and opening-up, China has maintained a rapid economic growth, constantly improving people's livelihood and giving ever more attention to quality development in health, elderly care and other public services. Japanese firms have kept abreast of China's social developments and striven to exploit the potential for business development in these fields.
For years, Japan's Osaka Chamber of Commerce and Industry has organized delegations to investigate China's elderly care sector for many times, hosted relevant symposiums and attended aging life products expos in China.
Over a decade of China-Japan exchanges in health and elderly care industries have laid the foundations for mutual understanding and trust. China will open up a world of business opportunities for Japanese firms in aging life products, elderly care equipment, training of nursing workforce and relevant industries, according to a report published by Daiwa Institute of Research Ltd.,
Ryota Ogawa, director of the Department of Overseas Public Relations of Kao Corporation said that since China's reform and opening-up, its economic growth has made great achievements. Thanks to a series of policies supports, Kao is full of confidence in Chinese market. Relying on a wealth of excellent technology in health, elderly care and other relevant sectors, the company has a strong track record of developing user-friendly products to the needs of Chinese consumers. With these efforts, the company hopes to promise better services for Chinese consumers. (Edited by Ma Xin, maxin11@xinhua.org)
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