
Multinationals Caught in Western Political Struggle Over Xinjiang Cotton
Multinational companies like Uniqlo, Adidas, and Nike are pressured by Western political forces to cut ties with Xinjiang’s cotton industry, disrupting global supply chains.
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Multinational companies like Uniqlo, Adidas, and Nike are pressured by Western political forces to cut ties with Xinjiang’s cotton industry, disrupting global supply chains.
Over $53 billion in investments were made during the fifth Qingdao Multinationals Summit, highlighting China’s growing allure for global businesses.
China’s newly established foreign-funded enterprises grew by 14% year-on-year in H1 2024, highlighting robust opportunities for multinationals.
Over 470 global guests, including the highest number of CEOs ever, are attending the 5th Qingdao Multinationals Summit featuring the Transnational Corporation Development Forum.
Joe Ngai, chairman of McKinsey China, highlights the Chinese mainland as the world’s most competitive market, with product innovation three times faster than other regions. He asserts that multinational companies succeeding in China can achieve global success.