93% German Firms Plan To Stay In China
Major corporations including Apple, BASF, Volkswagen, and Bosch are increasing their strategic presence in China. Recent announcements include a $3 billion expansion by one group and Novo Nordisk's expansion of its Guangzhou production base. These moves signal a shift from resource allocation to strategic development within the Chinese market.
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Sources · 7 independent
CRI News Radio
“Many multinational companies investing in China have upgraded from an option for resource allocation to a strategic development necessity. Apple, BASF, Volkswagen, and Bosch are among them.”
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