Latest News:  
Beijing   Sunny    0 / -8   City Forecast

People's Daily Online>>China Business

Foreign companies counting on China

(Shanghai Daily)

09:18, December 08, 2011

Multinational companies are counting more on China as the global economy deteriorates more than expected. However, they are also losing some of their traditional strengths in a fiercer competitive environment, an Economist survey showed yesterday.

Based on interviews with 328 senior executives at non-Chinese MNCs, the survey found 49 percent of respondents saying the fallout from the global financial crisis had raised their companies' expectations in China. Among larger companies with global revenue of more than US$5 billion, the figure was 73 percent.

"China becomes increasingly strategic for global firms when revenue elsewhere may be getting smaller," said Laurel West, Asia director of industry and management research at the Economist Intelligence Unit, a business information arm of the Economist Group. "Also, China's policies to raise people's income and hence more consumption are driving the MNCs' strategy."

China's economy, although showing signs of slowdown, can still manage to grow by more than 8 percent next year, analysts say. In comparison, economies in the European Union may get hardly any positive growth in 2012 while the United States may also experience a feeble recovery.

【1】 【2】


 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:陈乐乐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. CPC official visits community service center

  2. Helping poor kids realize their dreams

  3. You'd better run, run, run!

  4. The Year of the Dragon in gold

Most Popular

Opinions

  1. China's post-90s plays greater role in consumption
  2. Falling yuan funds make room for RRR adjustment
  3. Global chaos offers hints of new world order
  4. Playing the anti-China card
  5. Chinese wind power has great potential
  6. 'Diplomatic war' may escalate conflicts
  7. ASEAN benefits from China's WTO entry
  8. Chinese schools need to tune in and chill out
  9. Flexibility for progress
  10. Clear the air today for a brighter future

What's happening in China

Helping poor kids realize their dreams

  1. China to adopt a tighter air quality index
  2. 11 students injured in S China school bus crash
  3. BJ-SH high rail suspended for malfunction
  4. Forever bike scheme lasts 20 months
  5. Drunk driving accidents in China decrease sharply

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance