Multinationals aim for greater presence in China market


By Xinhua

Customers sit outside a Starbucks Corp. coffee shop in Xiamen, China, on Aug 26, 2019. US companies are concerned about President Donald Trump’s threats to ban them from doing business in China, and they’re poised to halt new investments if the trade war escalates, the leader of group of top chief executive officers said. Photographer: Qilai Shen/Bloomberg

XIAMEN: Advancing with a more localised development strategy, foreign firms are expanding their investment in the Chinese market over a strong belief in the country's future.

Over 100 senior leaders from U.S. companies under the delegation of the American Chamber of Commerce (AmCham) South China have demonstrated their interests of greater presence in China, as they attended the China International Fair for Investment and Trade (CIFIT) in the coastal city of Xiamen, east China's Fujian Province, for the 17th consecutive year.

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