US companies upbeat on Chinese market

作者:Zhong Nan, Jiang Xueqing来源:chinadaily.com.cn
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Willie Tan, CEO of Skechers China. [Photo provided to chinadaily.com.cn]

Willie Tan, CEO of Skechers China, South Korea and Southeast Asia, has said China remains one of the company's most important global markets.

"Looking ahead, we remain confident in the long-term potential of the Chinese market and the resilience of China's consumer market," Tan said.

"Skechers will continue to strengthen its localized operations across research and development, manufacturing, supply chains and retail channels, while stepping up investment in the market.

"In product development, we combine our global comfort technologies with local consumer insights to create products tailored to Chinese consumers. In manufacturing, we are expanding local production capacity and strengthening supply-chain efficiency to respond more quickly to evolving market demand," he added.

"Across retail operations and customer engagement, we are enhancing our omnichannel network by further integrating online and offline operations to better serve consumers across different regions and demographics," said Tan.

"We will continue to deepen investment and innovation in China, strengthen our localized operations and pursue long-term growth alongside the Chinese market and local partners."

Achim Loeffler, global business leader of Gore-Tex Brand. [Photo provided to chinadaily.com.cn]

Achim Loeffler, global business leader of Gore-Tex Brand, said: "China has become one of our most important and fastest-growing markets, driven by rising consumer demand and faster product development cycles. Chinese consumers are increasingly demanding high-performance products not only for mountaineering and hiking, but also for daily urban commuting and lifestyle scenarios."

"We are seeing outdoor and lifestyle markets increasingly merge, while consumers in cities are also placing greater emphasis on functionality. China is now our fastest-growing market globally," Loeffler said.

"China's market dynamics differ sharply from those in Europe and the US, particularly in terms of product development speed. While development cycles in overseas markets usually take 18 to 24 months, Chinese brands and consumers increasingly expect new products within six months, creating what we describe as 'China speed'," he said.

"To adapt to the market, we are strengthening our local operations and deepening cooperation with Chinese brands, while expanding beyond apparel into footwear, gloves and protective gear. Footwear is expected to become a major future growth driver for our business in China, alongside our traditional jacket and outerwear business," he added.

Michael Miebach, CEO of Mastercard. [Photo provided to chinadaily.com.cn]

Michael Miebach, CEO of Mastercard, said: "China is one of the world's most dynamic economies, and Mastercard is committed to the market for the long term."

"We were pleased to receive our in-principal approval in February 2020. Since we began processing domestic transactions in May 2024, we have made strong progress — expanding acceptance, deepening local partnerships, and bringing simple, secure 'tap and go' experiences to everyday life. Looking ahead, we will continue to invest in China and bring more products and services that support both businesses and consumers," he said.

Raj Subramaniam, chairman of the US-China Business Council. [Photo provided to chinadaily.com.cn]

Raj Subramaniam, chairman of the US-China Business Council, said direct and sustained dialogue between the US and China is critical for addressing complex economic challenges and advancing long-term stability and growth.

Ian Shih, president for China at US industrial automation company Rockwell Automation. [Photo provided to chinadaily.com.cn]

Ian Shih, president for China at US industrial automation company Rockwell Automation, said China's vast market, complete industrial ecosystem and continued high-level opening-up provide strong support for companies seeking long-term growth and diversified application opportunities.

"Leveraging the country's mature industrial system and diverse market needs, we are able to integrate automation and digital technologies with local demand, working with Chinese partners to support manufacturing upgrading and explore new opportunities for industrial applications," he said.

Henry Ding, president of 3M China. [Photo provided to chinadaily.com.cn]

Henry Ding, president of 3M China, noted that China is the company's largest overseas market and reaffirmed 3M's commitment to the China market through its "In China, for China" strategy. The company remains confident in the vast opportunities created by China's high-quality development and will continue to leverage its core strength in material innovation to grow alongside the Chinese economy.

Lin Chunmei, president and general manager of Corning China. [Photo provided to chinadaily.com.cn]

Lin Chunmei, president and general manager of Corning China, said the US industrial materials manufacturer will deepen localized manufacturing and innovation in sectors including display, optical communications and automobiles in China.

"Corning regards China as one of its most important strategic markets globally. China is the only market outside the US where all five of Corning's business segments and emerging businesses have operations," she said.

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