U.S. Firms Double Down on the Chinese Mainland 🌏
At the 8th China International Import Expo in Shanghai, Sean Stein, President of the U.S.-China Business Council, told CGTN’s Tian Wei that U.S. companies aren’t packing their bags out of the Chinese mainland. Instead, they’re quietly expanding operations through joint research, integrated supply chains, and strong partnerships with local governments.💼✨
Why the Chinese Mainland Still Matters
- Joint R&D: Collaborating on next-level tech and product innovation with local teams.
- Integrated Supply Chains: Streamlining everything from parts to assembly under one roof for smoother ops.
- Local Partnerships: Teaming up with regional authorities for incentives and market access.
Despite the buzz around shifting production to countries like Vietnam or India, Stein says the data backs it up: U.S. businesses continue to invest, hire, and launch new projects in the Chinese mainland.📊
What This Means for You
For young pros across South Asia and Southeast Asia, this trend signals that global brands you love—think Apple, Ford, or Cisco—are still betting big on the Chinese mainland. That influences everything from gadget prices to job prospects, even if you’re in Delhi, Jakarta, or Bangkok.🚀
Bottom line: The great American exodus? Not happening. U.S. businesses see the Chinese mainland as a key piece in their global gameplan. Game on!🔥
Reference(s):
Sean Stein on China-U.S. trade: American firms are not leaving China
cgtn.com
