China pivotal to MNCs' global biz strategy

Quick Summary:

Three or four decades ago, multinational corporations used to take a simple approach while conducting their businesses in China.

After establishing empowerment centers in Shanghai and Qingdao, Shandong province, as well as other regions within the country in recent years, the Stockholm-headquartered group is currently building its South China headquarters in Shenzhen, Guangdong province, at an investment of more than 200 million euros ($212.4 million).

Despite a high benchmark set in the previous year, China's economy posted a year-on-year growth rate of 4.8 percent in the first three quarters, surpassing that of many other major global economies, according to the National Bureau of Statistics.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaArgentinaAustraliaBelgiumBrazilChinaFranceNetherlandsSwitzerlandUnited States

Topics: MNCs /Business/Business News Biotechnology New energy Healthcare

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 14:18:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1448 words

Reading Time: 9 minutes read

Sentences: 47 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23650980

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