Multinational companies have voiced their confidence in China’s economy after the Political Bureau of the Communist Party of China Central Committee’s meeting on economic work highlighted efforts to boost the capital market and the People’s Bank of China unveiled a series of major monetary policy adjustments last week.
<img src='https://news.cgtn.com/news/2024-10-03/Multinational-investors-voice-confidence-in-China-1xoP8FKH0OY/img/d7c62f687d28479ab76f47d89fc23809/d7c62f687d28479ab76f47d89fc23809.jpeg' alt='A pedestrian walks past ANZ ATMs in Sydney, Australia, February 26, 2024. /CFP'
ANZ Group Holdings CEO Shayne Elliot said that fears about the “demise of China” as an investment destination are “massively overblown,” reported Bloomberg. Elliot, who in March announced plans to expand ANZ’s presence in China, added that the bank continues to be treated “extraordinarily well” in the country.
Bill Anderson, the CEO of German chemicals and pharmaceuticals company Bayer, said that the company sees great potential in the Chinese market and is confident in China’s long-term economic development as the Chinese government further promotes measures to attract foreign investment, expand consumption and push for green development.
Meanwhile, Rudolf Klotschler, chief sales & service officer of German home appliances company BSH Hausgerate Group said China is a driver of innovation, and the experiences gained in China provide foreign companies with a significant competitive advantage in other markets. Klotschler expressed confidence in the potential of the Chinese market and believes that the company will achieve even greater development in China in the future.
(With input from Xinhua; Cover via CFP)
