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.
中新经纬1月12日电 中国饭店协会、中国旅游饭店业协会、中国循环经济协会、中国消费者协会12日联合发文，倡议住宿业减少一次性塑料用品使用。 倡议称：一、深刻认识住宿业在塑料污染治理中的社会责任，高度重视塑料 长三角观察｜揽人、赶工、抢订单：春节拼经济“热辣滚烫” 2月10日是正月初一，上午10点，满载工业品、电子产品和衣帽服饰的新春首列“义新欧”中欧班列从浙江义乌铁路口岸出发，驶往西班牙马德里。 在江苏昆山的华 春节假期中国跨区域人员流动量预计超23亿人次 中新社北京2月17日电 (记者 刘文文)17日(正月初八)是中国龙年春节假期最后一天。来自2024年综合运输春运工作专班的最新数据显示，2月10日至17日(农历正月初一至初 中国发展网讯 踩高跷、 “醉关公”、吭秦腔……2月21日，在宕昌县城区街道、时代广场，当地举行了贺新春社火进城展演活动。来自两河口镇的社火队为当地群众献上精彩的演出。上午10时许，社火 中国经济导报 中国发展网讯 春风送暖促就业、精准服务助发展。2月21日，甘肃礼县举行2024年春风行动·东西部劳务协作招聘会暨“礼贤妹”“礼贤大嫂”赴京务工欢送仪式，来自省内外26家人力资源服 中国一汽审计与法务部总经理闫锋接受纪律审查和监察调查 中新网2月22日电 据中央纪委国家监委网站，据中国一汽纪委、吉林省纪委监委消息：中国一汽审计与法务部总经理闫锋涉嫌严重违纪违法，目前正接受中国一汽纪委 。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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