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CIIE Observation: Has China's Position In The Eyes Of Multinational Corporations Changed?

Nov 09, 2020 Leave a message

When the epidemic prevention and control becomes normal, has China's position in the minds of multinational companies changed? From the perspective of the third CIIE, the answer seems to be: it has changed, and it has not changed.

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The strong appeal of the Chinese market to global investors has not changed, and it is still a "competitive place" for enterprises. Especially as the rebound of the epidemic in many countries is getting more and more intense, and the short-term recovery of the world economy is hopeless, China, which is the first to resume economic growth, has become a "shock absorber" for many companies to hedge against the impact of the epidemic.

 

However, in the eyes of some multinational companies, China's "magnetism" is no longer limited to the huge market size.

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In addition to research and development, many companies have also begun to regard China as an important high-end manufacturing base. When companies in other countries are unable to start work due to the epidemic, China can still produce goods with quality and quantity thanks to a complete industrial chain and supply chain, and has become a "safe haven" in the minds of multinational companies.

 

Behind the change and the unchanging is the increase in China's economic strength and influence.

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Wei Jianguo, former vice minister of the Ministry of Commerce of China, said in an interview with a reporter from China News Agency that the epidemic is a stress test and a good opportunity to highlight China's comprehensive competitive advantages. Taking into account the consolidation of the advantages of the industrial chain and supply chain, as well as the steady recovery of the economy and the continuous recovery of consumption, China's attractiveness to global investors will be further enhanced.

 

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