Multinational companies are optimistic about the Chinese market and are increasing their investment in China
The huge potential of the Chinese market has attracted multinational enterprises to increase their investment in China. During this year's Boao Forum for Asia Annual Conference, our reporter interviewed some executives of multinational companies attending the conference. They all said that they are very concerned about China's concrete measures to further open up. In particular, against the background of increasing "uncertainties" in the European and American economies, the stability of the Chinese market and the advantages of China's industrial chain and supply chain make them firmly optimistic about China.
Al Faj, CEO of SABIC, one of the largest chemical companies in Saudi Arabia, said in an interview with CCTV Financial channel reporter that the company has been in the Chinese market for nearly 40 years, and its business in China has been expanding from chemicals to general and high-performance plastics. In the future, the company will increase investment in China in the petrochemical and Marine plastic recycling fields.
Abdullah Haman Al-Faj, CEO of SABIC: China is a very important market for us. Recently, we intend to convert crude oil directly into chemicals, which is a new trend in the chemical market, so we are now developing "crude oil to chemicals" technology, and we are considering promoting these technologies in some countries and regions, including China.
Data from the Ministry of Commerce show that in 2022, the actual use of foreign capital in China is about 1,232.68 billion yuan, an increase of 6.3% year on year. The scale is steadily rising and the structure is continuously optimized. Global investors are optimistic about the "dividend" of China's strong growth and have cast a vote of confidence in the Chinese economy with concrete actions.