75 percent of foreign enterprises in China are optimistic in the future of the Chinese economy despite the novel coronavirus epidemic, and will not change their reinvestment plans in the country, according to the latest study conducted by the American Chamber of Commerce in South China.
Rockwell Automation Manufacturing Shanghai Limited resumes work. (Photo courtesy of Rockwell Automation Manufacturing Shanghai Limited)
Many foreign companies in China have resumed operations and production even as epidemic prevention work continues. Over 80 percent of key foreign enterprises Shanghai, Shandong province and other regions have gone back to work.
China’s economic development will continue to see strong momentum thanks to a series of new policies to stimulate growth, said Hideki Ozawa, president and CEO of Canon China, adding that Canon will stand with China to ensure a win-win outcome. The company resumed operations on Feb. 10.
A Canon camera repair center in Beijing resumes operations on Feb. 10. (Photo courtesy of Canon China)
Jean-Sebastian Jacques, CEO of the Australian mining giant Rio Tinto, said China is the biggest market for Rio Tinto’s commodities, and over 90 percent of the company’s growth opportunities are closely tied to China’s development over the next 20 years, which means that the country will be a vital market for Rio Tinto in the short, medium and long term.
The mining giant’s offices in Beijing and Shanghai, as well as its factory in Suzhou have already resumed work.
An official with South Korea’s POSCO China believed that the impact of the outbreak is short-lived and that China will ensure sustained economic growth. He added that the company’s booming development in China is a result of the country’s reform and opening-up and the Chinese government’s support.
POSCO China donates materials to the novel coronavirus epidemic-hit regions. (Photo courtesy of Canon China)
Meanwhile, an official with Bayer, the German-based chemical and health care giant, expressed confidence in China’s growth prospects and the company’s development in the country, adding that China’s economic fundamentals are sound and will remain sound over the long term.
As China deepens its reform and opening-up, the country will continue to offer a great opportunity for investment in the world, the official noted, adding that the company will invest further in China.
