China-US trade means mutual benefit: American companies embrace CIIE

Every November, global business leaders gather in Shanghai to discuss opportunities at the China International Import Expo (CIIE), a grand stage for commerce. American companies have consistently shown great enthusiasm for this opportunity, with their exhibition space at the Expo ranking first for six consecutive years. More and more US firms are participating in the event to better understand the Chinese market, grow their investments, and resonate in the innovation sector, leveraging the Chinese market to support their global business development.

Michael Hart, President of the American Chamber of Commerce in China, expressed in an interview with mainland media that he hopes this year's Expo will create more cooperation opportunities and believes that China-US trade will continue to benefit both countries.

3M Establishes a Full Chain of R&D, Production, and Testing in China

3M has been a consistent participant in the Expo for seven years, and this year also marks the 40th anniversary of 3M China. Leveraging the spillover effects of previous expos, 3M not only connects local and global markets but also facilitates the introduction of innovative global products and the export of local intelligence. During the expo, 3M frequently achieved collaborations, partnering with various players to explore future industry development.

As one of the earliest multinational enterprises to enter China, 3M has resonated with the Chinese market for 40 years, seizing every development opportunity. Currently, the Chinese market is 3M's largest overseas market outside the US, and in the future, 3M will continue to accelerate the localization of the entire chain of R&D, production, and testing, while expanding its network in China.

GE Continues to Expand Its Maintenance Network in China

This year, General Electric (GE) Aerospace made its debut at the Expo under a new brand image following its split. Xiang Weiming, vice president of GE Aerospace and president of GE Aerospace Greater China, stated that GE Aerospace has been rooted in the Chinese market for 44 years and has witnessed the continuous growth of China's aviation industry, expressing confidence in its future development. "I believe the Expo not only showcases the vitality of the Chinese economy but also reflects China's commitment to high-level openness and the development of a dual-circulation economic model. At this expo, we demonstrated innovative achievements in advanced aerospace technology and our relentless efforts in sustainable aviation, further deepening strategic partnerships with multiple Chinese clients."

GE Aerospace affirmed that even after its independent listing, the company's confidence and commitment to China remain unchanged. It will continue to expand its maintenance network in China, enhance engine maintenance capabilities, and increase investments in manufacturing to support the growth of commercial aircraft production and the development of China's civil aviation industry.

Marriott Signs Over 100 Projects in the First Three Quarters

"China has become one of Marriott's most important global markets. Currently, we operate over 570 hotels in China, providing more than 90,000 jobs, with 81% of general managers being local, serving global travelers with 24 brands," stated Mao Yibing, President of Greater China at Marriott International. "China's development strategy demonstrates Marriott's long-term commitment to growth in China and confidence in the cultural and tourism industry. We will accelerate our expansion in China, attract international guests, serve both domestic and foreign customers well, and collaborate with partners to create a broader future."

As of the third quarter, Marriott International has signed over 100 projects, totaling more than 20,000 rooms, with a record number of new project signings. On average, the company signs over three projects each week and opens 1.3 hotels.

At the seventh Hongqiao International Economic Forum held on Nov. 6, Tang Wenhong, assistant minister of commerce, stated that China will further deepen foreign investment and management reforms, revise and expand the catalog of encouraged foreign investment industries, promote comprehensive pilot demonstrations for the expansion of the service sector, improve the mechanisms for promoting and safeguarding foreign investment, and enhance the management and service system to promote international cooperation in the industrial and supply chains.

He emphasized that China firmly opposes protectionism and all forms of decoupling and disconnection.

(Source: Ta Kung Pao)

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