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.
公安部：开展整治“飙车炸街”专项行动，去年查处案件7.4万起 中新网1月11日电 据公安部网站消息，2023年，全国公安交管部门持续强化违法犯罪打击整治和问题隐患治理，不断深化便民利企改革，推动公安交管服务迈上新台阶 最长春节假期收官：中外游客“双向奔赴”，出境游创4年峰值 澎湃新闻记者 唐莹莹 史上最长春节假期正式收官。多家在线旅游平台发布的报告显示，8-9天的假期让春节期间的出游时间和出游距离双双拉长。 春节前 老赖“要求美颜”露马脚被抓 本报讯 记者黄辉 通讯员元春华 武慧慧 “能不能给我开个美颜？”被执行人在法院抖音里看到自己的失信行为被曝光后，竟然笑嘻嘻地在抖音评论区留言挑衅法官，结果露出马脚被抓。 2023 增值税发票数据显示：春节假期中国服务消费火热 中新社北京2月18日电 (记者 赵建华)中国国家税务总局18日公布的增值税发票数据显示，今年春节假期(正月初一至初八)中国服务消费相关行业日均销售收入同比增长52.3% 新华社兰州2月21日电（记者郁琼源、张晓洁）农业农村部部长唐仁健21日说，要坚持“守底线、增动力、促振兴”协同推进，聚焦增强脱贫地区和脱贫群众内生发展动力，持续加强防止返贫监测帮扶，加快建立农村低收入 中新经纬2月23日电 题：马面裙脱销背后，品牌价值尚待深挖 作者 李杰 中新经纬特约专家、山东工艺美术学院服装学院院长 近年来，汉服消费愈加火热，特别是这个春节里马面裙再次火爆出圈，无疑带动了一轮文化消费热。 。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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