"Multinational Corporations in China" report released: Innovation and collaboration boost industrial integration

China News Service, Qingdao, June 16 (Wang Yu, Zhang Xiaopeng) The research report "Multinational Corporations in China: Innovation and Collaboration to Build Ecosystems and Industrial Integration into the Future" (referred to as the "Report") was released on the 16th at the opening ceremony of the 7th Qingdao Summit of Multinational Corporation Leaders. The report points out that during the "15th Five-Year Plan" period, China will seize the historical opportunities of a new round of scientific and technological revolution and industrial transformation, promote the deep integration of scientific and technological innovation and industrial innovation, and continuously generate new productive forces. This will open up new space for multinational companies to deeply participate in China's innovation and industrial chains and share development dividends.

The report shows that in 2025, China's actual use of foreign capital will be 104.68 billion US dollars, remaining above 100 billion US dollars for 16 consecutive years; the number of newly established foreign-funded enterprises will exceed 70,000, a year-on-year increase of 19.1%, reflecting the firm confidence and long-term layout intention of multinational companies in the Chinese market.

On June 16, the research report "Multinational Corporations in China: Innovation and Collaboration Build Ecosystems and Industrial Integration for the Future" was released in Qingdao, Shandong. Photo by Zhang Xiaopeng

The report points out that multinational companies are deeply embedded in China's economic and industrial system. Foreign-funded enterprises have strongly supported the construction of China's modern industrial system and coordinated regional development through localization, greening and intelligent upgrading of key links, increased investment in service industries and high-tech industries, and gradient investment layout.

The report shows that the innovation cooperation between multinational companies and China has entered a new stage of collaborative development of two-way empowerment and ecological co-construction. In 2025, among the greenfield investments of multinational companies in China, R&D investment will be US$3.73 billion, accounting for 14.3% of the total global R&D investment of multinational companies. During the same period, the number of newly established foreign-funded enterprises in China's scientific research and technical services fields reached 14,000, a year-on-year increase of 27.2%.

According to the report, multinational companies rely on China's ultra-large-scale consumer market to obtain stable and predictable operating income. In 2025, China's total retail sales of consumer goods will exceed 50 trillion yuan for the first time, providing multinational companies with broad growth space and stable revenue expectations. In 2025, the operating income of foreign-invested enterprises above designated size (including companies from Hong Kong, Macao and Taiwan) will be 25.8 trillion yuan, which has remained above 25 trillion yuan for five consecutive years.

The 7th Qingdao Summit of Multinational Company Leaders lasts for 3 days. "Multinational Corporations in China: Innovation and Collaboration Build Eco-Industry Integration into the Future" released at the meeting is one of a series of research reports on "Multinational Corporations in China" and was compiled by the Institute of International Trade and Economic Cooperation of the Ministry of Commerce. (over)