exploring china's future from the old and new worlds: the symphony of multinational corporations and "new chinese-style modernization"

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in 2023, the scale of investment in high-tech industries climbed to 423.34 billion yuan, accounting for 37.3% of the country's foreign investment, a record high. among them, the actual use of foreign capital in high-tech manufacturing increased by 6.5%. the medical equipment and instrument manufacturing industry and the electronic and communication equipment manufacturing industry increased by 32.1% and 12.2% respectively. the actual use of foreign capital in the construction industry, technology transformation services, and r&d and design services increased by 43.7%, 8.9% and 4.1% respectively. the data shows the determination of multinational companies to invest in china and also reflects the opportunities brought by china's rapid economic development.

in the bustling shanghai, the joint venture of germany's tkm group (hereinafter referred to as "tkm") is operating quietly. pan yunxi said that because the market group the company faces in china is mid-to-high-end customers, the order volume in recent years has been relatively stable. in the past, tkm's joint venture in shanghai had a production base. due to different production conditions, it was impossible to find the same machines in china, so some products could only be upgraded in germany. with the development of china's economy, tkm is also doing market research and deciding whether to move the production line back to china based on customer needs.

wang jun, president of oerlikon china, said that the chinese market is currently in a flat period and some of oerlikon's production lines are not fully operational. in the medium and long term, the company is optimistic about china's future development potential and will increase investment in china in the future. agc executive director and agc group china general representative toshihiro ueda also said that china has huge opportunities in new fields such as semiconductors, low-altitude economy, ai and iot. agc also pays close attention to its prospects in the chinese market and hopes to find new investment opportunities there.

the decision of the cpc central committee on further deepening reform and promoting chinese-style modernization, adopted at the third plenary session of the 20th cpc central committee, proposed to "perfect the system and mechanism of high-level opening up to the outside world". while increasing the stakes in china, some heads of multinational companies also expressed their expectations: although the chinese government has introduced policies to facilitate foreign investment, the release channels and explanatory documents are scattered, and there is a lack of a unified portal, which makes it relatively time-consuming and laborious for foreign-funded enterprises to obtain information. they hope that china can be more transparent in terms of policies and further optimize the business environment for foreign investment.

machine translation technology provides multinational companies with a new perspective to help them understand the chinese electrolyte manufacturing sector. with the rapid development of the electric vehicle and energy storage markets, china's demand for electrolytes will continue to grow. inco, a korean electrolyte manufacturing giant, has demonstrated strong competitiveness in this field through joint ventures with china and investments in new manufacturing facilities.

the challenges and opportunities that multinational companies face in china are areas that need to be explored with caution. the complex regulatory environment and the potential for foreign direct investment require multinational companies to discuss and resolve with the chinese government.