The manufacturing sector of China shows positive dynamics of business activities. Analysts opined that Chinese economy’s acceleration can positively affect the GDP of other countries, thereby mitigating the effects of the global recession. Beijing national economic and technological development zone is actively recovering after the pandemic. Many foreign companies still plan to work in the Chinese market because of the great growth prospects. One of them is SMC China, a Japan-based enterprise specializing in pneumatic technology. General Manager Ma Qinghai said that compared to the same period last year from January to April, SMC’s production capacity has increased by more than 10 percent. Now the headquarters plan to expand its Chinese market.
“From the information we have received from the Japan office, we have no plans to leave China. Besides, in July, our program on the new factory in Beichen, Tianjin, will be activated. It covers an area of 360,000 square meters. We will still increase investment in the entire Chinese market,” said Ma Qinghai.
The General Manager is confident that the global industrial chain will be reconstructed, and the ties are already getting stronger, because they were not cut off, only weakened. So does a major German automotive manufacturer.
“We are very happy that we see a good market recovery and we are confident for the remainder of the year. We will not make any decisions based on a short term impact or speculations,” commented President and CEO at Beijing Benz Automotive Co., Arno van der Merwe.
Foreign manufacturers noted that China’s economy began to recover, which means that other markets will do the same soon. Now there are good opportunities that cannot be missed.