JINAN, Aug. 17 (Xinhua) -- Robotic arms hum while workers move with precision through Taiho Kogyo Corporation's workshop in Yantai, east China's Shandong Province, as engine and compressor bearings roll off the production line not only for automakers like Toyota and Volkswagen but increasingly for China's thriving luxury motorcycle scene.
The Yantai-based company, a wholly owned subsidiary of Taiho Kogyo Co., Ltd., has been "granted full autonomy" by its Japanese headquarters to develop and produce for the Chinese market, said Junji Koshima, general manager of the subsidiary.
He added that this local decision-making allows the company to respond more quickly to demand while tapping into China's rapid growth and vast market potential.
Europe-headquartered Louis Dreyfus Company (LDC), a Fortune 500 global merchant and processor of agricultural goods, broke ground in late June on a 7-billion-yuan (about 981 million U.S. dollars) food technology industrial center in the port city of Qingdao.
Spanning 153,000 square meters and slated for completion in 2027, the industrial center will specialize in oilseed processing, specialty feed proteins, and food-grade phospholipids production. Once operational, it is expected to produce 1.5 million tonnes of feed protein, 370,000 tonnes of refined oil, and 15,000 tonnes of phospholipids annually, while creating approximately 200 local jobs.
Positioned as LDC's regional anchor in east China, the industrial center will closely integrate with local port logistics and feed processing industries, said James Zhou, LDC's chief commercial officer and head of the Asia region. Since entering China's cotton trade in 1973, LDC now generates roughly a quarter of its global revenue from the Chinese market.
Republic of Korea's CJ Group, a conglomerate with businesses spanning food, biotech, logistics, entertainment and retail, is also ramping up its investments. The company is expanding amino acid and food additive production in Liaocheng, Shandong, reflecting strong confidence in China's market prospects.
The global economy faces growing challenges from geopolitical tensions and trade uncertainties, while China is tackling these head-on by advancing high-standard opening up, injecting stability and momentum into global growth, said Sohn Kyung-shik, chairman of CJ Group, adding that the group is pursuing deeper partnerships and new opportunities in China.
Active in China since 1994, the group has attended all six editions of the Qingdao Multinationals Summit, a platform launched in 2019 to foster policy dialogue and facilitate project cooperation.
This year's summit in June drew 570 delegates from 43 countries and regions. Data from China's Ministry of Commerce showed that 59,000 new foreign-invested enterprises were established in the country last year, an increase of 9.9 percent year on year. Growth continued into the first half of 2025, with 30,014 new foreign ventures added.
To speed up institutional opening up, China launched the 2025 Action Plan for Stabilizing Foreign Investment, and revised and expanded the Catalogue of Encouraged Industries for Foreign Investment.
At PHINIA Delphi Automotive Systems (Yantai) Co., the largest Asia-Pacific investment by U.S.-based PHINIA Inc. in 30 years, automation and skilled workers drive precision manufacturing. Over the past decade, the fuel systems leader has invested more than 500 million U.S. dollars locally, building two plants and an R&D center. Local sourcing of materials has jumped from 10 percent to 90 percent, while annual sales have soared from 40 million yuan to 2 billion yuan.
Shandong is pivotal to PHINIA's global supply chain, said Simon Godwin, the company's vice president of government affairs, adding that they're boosting investments not just in traditional systems but also in clean energy.
今年春节假期琼州海峡客滚运输量较去年大幅增长 中新网广州2月19日电 (郭军 喻志专 赵卓)据交通运输部珠江航务管理局(简称“珠航局”)消息：2024年春节假期期间(2月10日至17日，正月初一至初八)，琼州海峡省际客滚 中新经纬2月18日电(李晓萱)打扰一下，龙年开工第一天，你领到老板发的红包了吗？ 微信推出面对面红包 据微信官方18日消息称，微信推出了“面对面红包”。具体内容如下： 新年开工，一声：“老板，新年好！”道出了多少期 新华社记者高敬“前不久，生态环境部和有关部门印发了指导意见，进一步推进农村生活污水治理。在这份文件中，我们去年提出的科学统筹规划、强化资金投入等建议，都有所体现。”近日，全国人大代表、四川省宣汉 最高检：对未成年人实施网络暴力依法从重处罚 中新网2月23日电 据最高人民检察院微博消息，2月23日，最高人民检察院法律政策研究室主任高景峰在访谈时介绍，对网络暴力违法犯罪，应当体现从严惩治精神，依法严肃追究，切实 大叔追“鸟”、小伙爱“骆驼”，北面户外业务“群狼环伺” 王涵艺 近日，威富集团(VFC.N)发布2024财年第三季度财报(截至2023年12月30日的三个月内)，集团收入同比下滑16%至29.60亿美元(约合213亿元人民币)，净利润 2023年北京高精尖产业新设市场主体占比提升至66.1% 中新网北京2月22日电 (记者 吕少威)京津冀协同发展十年来，北京科技、商务、文化、信息等高精尖产业新设市场主体占比由2013年的40.7%上升至2023年的66.1%。 。本文链接：Economic Watch: Multinationals boost investment in China amid market optimismhttp://www.sushuapos.com/show-5-65463-0.html
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