Investing in China is a must-have for multinational corporations. Multinational corporations are increasing their investments in China.

This afternoon, the spokesperson of the Ministry of Commerce, He Yongqian, introduced that recently many global leaders of multinational companies and representatives of business associations such as the US-China Business Council have visited China intensively. Many multinational companies have come to China to invest, making it not just an optional choice for resource allocation, but a necessary choice for strategic development. He Yongqian, the spokesperson of the Ministry of Commerce, stated that many multinational companies have announced plans to further expand their investments in China recently. For example, Eli Lilly plans to invest $3 billion in expanding production in China over the next ten years, Novo Nordisk announced the expansion of its production base in Guangzhou, Schneider Electric announced the construction of two factories in Xiamen and Wuxi and the upgrade of the R&D center in Beijing. These actions by multinational companies demonstrate their willingness and confidence to long-term investment in China.