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China market trend
Multinationals express strong China market trend
Due to the world economic downturn, many multinational corporations (MNC) are suffering from sharp contraction globally. However, quite a number of them say in a senior symposium held by China State Council that their enthusiasm for further investments in China is never reduced. China market trend is still encouraging.
These high-level executives are from 14 enterprises, including ABB Group, Best Buy, A.P. Moller-Maersk Group, Accenture, Taida Electronic, Hopewell Holdings, Kerry Group, etc. They expressed their full confidence in the long-term development of the Chinese economy during the symposium.
ABB will increase investment in China. It will also recruit and train more people, said Brice Koch, Senior Global Vice President of the ABB Group and President of ABB North Asia. He believed that China's four trillion Yuan investment plan to boost domestic demand will ensure that China will maintain a rapid growth momentum in the long term.
Best Buy, a globally-renowned retailer headquartered in the US, views that China market trend is bright. The retailer opened five new stores in China last year and its future investment in China will not decrease, said the company's Asia-Pacific President Yang DeMing.
Accenture, a renowned global technology and management consulting company, highly praised the policies recently enacted by the Chinese government to accelerate the development of the service outsourcing industry. MNCs have paid increasing attention to China's service outsourcing market for its excellent talent, perfect infrastructure and enormous potential.
It is agreed that China is still very attractive to foreign investors, owing to its stable financial system, sound economic fundamentals, relatively abundant funds and a fine investment environment
Edited by JyS China,
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