Multinational firms upbeat on long

China's improving business environment,运城三大新闻网 its strong innovation capabilities and vast market potential will encourage businesses from the United States to expand investment, move up the value chain and pursue longer-term growth in the country, executives of US multinationals said.

They said that China's integrated industrial supply chains, industrial and consumption upgrades, the wider opening-up of the services sector, and its deep talent pool continue to underpin its appeal to US investors.

The advantages will reinforce China's role as a global center for innovation and industrial development, while creating more opportunities for US companies in advanced manufacturing and services, they added.

Larry Culp, chairman and CEO of GE Aerospace, said the US aircraft engine manufacturer is committed to supporting the growth of China's civil aviation sector and to expanding cooperation with Chinese airlines.

Culp, who is part of the US business delegation visiting Beijing this week, said the latest high-level exchanges between China and the US underscored the global nature of the aviation industry and the importance of cross-border industrial cooperation.

With more than 60 airline customers in China, around 8,500 engines in service and nearly 4,600 additional engines ordered, GE Aerospace will continue to strengthen localized service, support and training capacity in China, to help airlines maintain safe and reliable fleet operations, he added.

Also optimistic about China's long-term market prospects, Michael Miebach, CEO of Mastercard and another member of the US business delegation to China, said that China has always been one of the world's most dynamic markets, with strong long-term potential. Miebach said that Mastercard will continue to strengthen its presence in China through sustained investment, stronger local partnerships, and products and services that support businesses, consumers and the broader economy.

For businesses, a stable and open environment is essential, and continued engagement between China and the US helps build confidence and supports growth, he added.

Denis Simon, a senior research fellow at the Washington-based think tank Quincy Institute for Responsible Statecraft, said that stable China-US relations will significantly improve business expectations for multinational companies, reduce uncertainties in global supply chains and, in turn, boost confidence in international markets.

Echoing that view, Liu Ying, a researcher at Renmin University of China's Chongyang Institute for Financial Studies in Beijing, said that China and the US still have substantial room to expand cooperation in areas such as green energy development, agriculture, healthcare, financial services and digital trade, in addition to manufacturing and industrial supply-chain collaboration.

The Ministry of Commerce announced on Thursday that China is ready to work with the US on the basis of equality, mutual respect and reciprocity to expand cooperation.

Ministry spokeswoman He Yongqian said that China also hopes to narrow differences with the US and promote the healthy, stable and sustainable development of China-US economic and trade relations.

Attracted by China's role in global innovation, US semiconductor manufacturer ON Semiconductor Corp, or onsemi, plans to invest $50 million in China over three years.

China is not only a major market, but also one of the world's fastest-moving innovation hubs, said Hassane El-Khoury, president and CEO of onsemi. He said that the company has adopted a China strategy that can be described as "innovate with China, power the world", as it aims to leverage local innovation and expand globally alongside its Chinese customers to achieve mutually beneficial growth.

Henry Ding, president for China at US industrial conglomerate 3M, said that his company will continue to increase its local research and development investment this year, with plans to achieve more than 30 percent growth in new product launches compared with 2025 — significantly outpacing other global markets.