Global manufacturers banking on China market

Henry Ding, senior vice-president of 3M and president of 3M China. [Photo provided to China Daily]

Q1. Against the backdrop of a much-troubled global economy, how will China's economy likely perform going forward, given that it has already made immense contributions to the tasks of stabilizing both the global supply chain and the world economy?

DING: Despite short-term headwinds or challenges, we believe the fundamentals of a resilient, high-potential and prosperous economy in China remain intact.

China is a strategically important long-term market for 3M. We started our business in China in 1984 as the first wholly owned foreign enterprise, and have built out tremendous teams and capabilities. Shanghai, for example, is home to one of 3M's four global research centers, and we have nine manufacturing sites across the country.

I am proud of our 8,000 employees in China who apply 3M science to improve lives — including battling COVID-19. We believe we will continue to find great opportunities in this market.

ECKERLEIN: The Chinese economy has shown its strength and resilience amid multiple challenges and has made a sustained contribution to the world economy.

China is ABB's second-largest market worldwide, representing 17 percent of 2021 group revenue. We see many new opportunities in such areas as e-mobility, digitalization, the industrial internet, artificial intelligence and sustainable development.

As a long-term partner of China, ABB is committed to supporting China's digital upgrade and green transformation through close cooperation with our customers and partners in China.

KHAOU: Dassault Systemes has witnessed the resilience and efficiency that China has developed in the manufacturing and infrastructure sectors. We expect that China will further drive the digital transformation of the industrial chain and contribute to facilitating global economic recovery.

GAO: With the world's second-largest GDP, China plays a crucial role in stabilizing and developing the global economy, especially in terms of industrial and supply chains. In the face of challenges such as the COVID-19 pandemic and slowing economic growth, the Chinese government has taken timely and effective intervention to strive for economic recovery and stimulate infrastructure investment.

These efforts have also brought a positive impact on stabilizing the global economy, which can be seen from China's strong export figures over the past two years since the COVID-19 pandemic outbreak. We expect China to do more in the complex international situation to maintain healthy growth.

GUO: Despite pressure from resurgences of local COVID-19 cases and a complicated and grim international environment, China's economic fundamentals remain solid, and there are sufficient policy measures to ensure stable growth.

We are optimistic that these measures taken by the Chinese authorities will lead to a revival of growth. As the world's second-largest economy, China has a huge impact on the rest of the world in terms of medium and long-term economic development.

We believe that over the longer term, China will continue to be a major growth driver for the global economy.