foreign companies in the manufacturing industry are increasing their investment in China
In the latest Catalogue of Industries to Encourage Foreign Investment issued by the National Development and Reform Commission and the Ministry of Commerce this year, the manufacturing industry continues to be the key direction to encourage foreign investment and improve the level of industrial chain and supply chain. Since the beginning of this year, many multinational enterprises have launched a number of projects in the fields of chemical industry, energy, automobile and electronics, further highlighting the advantages of China's complete industrial chain and supply chain system.
Xie Lei, Chief Operating Officer of Zeiss China: This is a very key optical component on the operating microscope, very precise. Six months ago, we could only rely on German imports, but now it is 90% localized.
Xie Lei is the chief operating officer in China of Zeiss, a German optical device manufacturer. In the fourth quarter of this year, the foundation stone of their R&D and production center in the Yangtze River Delta region was officially laid in Suzhou, Jiangsu Province. Xie Lei introduced that this is the group's first investment and purchase of land in China, injecting 170 million yuan of capital. The local mature industrial chain supporting advantage is one of the important reasons for their investment.
Xie Lei, Chief Operating Officer of Zeiss China: Basically within the whole 200-kilometer range, 80% of the suppliers can be good partners. Relying on a stable local supply chain, to help increase production capacity.
On Donghai Island in Zhanjiang, Guangdong province, German chemical giant BASF has officially put into operation the first unit of an integrated base project that began construction this year, mainly producing engineering plastics and other products for automotive, electronics and other industries. Covering an area of about 400 hectares with a total investment of about 10 billion euros, the giant petrochemical base is the first wholly foreign-owned project in China's heavy chemical industry. After landing, the project will complement local petrochemical projects in Zhanjiang and form a complete upstream and downstream industrial chain with China's steel, automobile, building materials, paper and other industries, creating a new world-class green petrochemical industry cluster.
Wang Wei, member of the Party Committee of Guangdong Zhanjiang Economic and Technological Development Zone: Relying on BASF and Zhongke Refining and chemical project "double leading", give full play to the "magnetic field effect", extend the three major industrial chains of ethylene, propylene and aromatics, complement the upstream and downstream of the industrial chain, and drive the professional and large-scale development of the industry.
Zhang Wei, Vice President of the Research Institute of International Trade and Economic Cooperation, Ministry of Commerce: China has the world's largest industrial system with the most comprehensive categories and the most complete supporting systems. Many internationally competitive professional industrial clusters have been formed in the Yangtze River Delta, Pearl River Delta and Bohai Rim, which help foreign-funded enterprises obtain high-quality raw materials and supporting parts and components at a lower cost and enhance their profitability.