Big names such as the BMW Group have added investment and expanded production capacity in China.- AFP
BEIJING (China Daily/ANN): China will continue to be a magnet for foreign investment during the fourth quarter of the year, thanks to it being a key market and production base as well as innovation hub for many multinational corporations, said officials and experts.
The comments came after the Ministry of Commerce said last week that big names such as Exxon-Mobil Corp, BMW Group, Siemens AG, LG Group and Toyota Motor Group have added investment and expanded production capacity in the country. Global companies' reinvested earnings grew by 25.5 percent on a yearly basis in the first three quarters of this year in US dollar terms.
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