Over the past decade, ABB Group has demonstrated unwavering confidence in the Chinese mainland market by investing a staggering $1 billion. Giampiero Frisio, president of ABB's electrification business, highlighted the significance of the Chinese mainland in a recent interview with CGTN, stating, \"China will continue to be important for us.\"
This sustained investment comes at a time when China's Ministry of Commerce reported a remarkable 42,108 new foreign-invested enterprises established in the first nine months of 2024. This surge underscores China's growing appeal as a hub for international businesses and innovation.
ABB's commitment not only reflects its strategic focus on the Chinese mainland but also aligns with the broader trend of increased foreign participation in China's economic landscape. As the global economy evolves, investments like ABB's are pivotal in shaping sustainable and technologically advanced developments in the region.
Reference(s):
cgtn.com
