Global Firms Take a Closer Look at China's Recovering Market| MENAFN.COM

Monday, 27 March 2023 11:15 GMT

Global Firms Take a Closer Look at China's Recovering Market

(MENAFN) Global firms are closely monitoring the recovering Chinese market through business trips and staying up-to-date with the latest policy moves. One such firm is Volkswagen AG, whose Chairman of the Board of Management, Oliver Blume, recently visited China and found the trip to be a source of optimism.

Blume highlighted the importance of the Chinese market for Volkswagen, stating that the company would continue to expand its product lineup in the country. During his week-long visit, Blume visited the cities of Beijing, Changchun, Shanghai, and Hefei, where he held face-to-face talks and intensive onsite visits with Chinese colleagues, business partners, and representatives from local governments.

These meetings and visits allowed Blume to gain a deeper understanding of the Chinese market. He predicted that the Chinese automobile market would sustain its recovering momentum in 2023, with the market prospect of new energy vehicles being particularly bright. Blume's optimism about China's economy led him to state that Volkswagen would build new technology partnerships in the Chinese market.

Blume's visit to China is a testament to global firms' efforts to take the pulse of the recovering Chinese market. With China being one of the world's largest markets, these firms are eager to understand how the country's economy is recovering and what opportunities lie ahead. By staying on top of the latest policy moves and making business trips to China, these firms are positioning themselves to take advantage of China's economic recovery and continuing growth.

Overall, Blume's visit to China highlights the importance of face-to-face talks and intensive onsite visits in gaining a deeper understanding of the Chinese market. It also demonstrates Volkswagen's commitment to expanding its presence in China and building new technology partnerships to drive growth in the country's recovering economy.


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