Global companies see new opportunities thanks to innovations in China's manufacturing sector

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

HEFEI, Sept. 24 (Xinhua) — Smart and high-tech manufacturing is taking center stage in China, from new energy vehicles and smart robots to advanced photovoltaic technology and energy storage equipment.

Held from September 20th to 23rd in Hefei, capital of Anhui Province, East China, the World Manufacturing Industry Conference brought together these cutting-edge achievements for global participants.

"Anhui Province is focused on a wide range of advanced and emerging industries, including smart manufacturing, biomedicine, electric vehicles, and renewable energy. These areas are areas of collaboration in which the American business community can participate," said Noah Fraser, senior vice president of China operations at the US-China Business Council (USCBC), speaking at an event during the conference.

He added that USCBC member companies are inspired by the dynamism of Chinese firms, which are not only strong competitors, stimulating innovation and inspiring great R&D, but also valuable partners in their global strategies.

Representatives from 79 companies and institutions from 20 countries and regions also expressed strong expectations for cooperation with Anhui Province.

Carlo D'Andrea, Vice President of the European Union Chamber of Commerce in China and Chairman of the Board of its Shanghai Office, said he looks forward to cooperation with Anhui in joint R&D, technology transfer and academic exchanges.

Multinational companies are already expanding their presence in Anhui Province. Stefano Petrilli, Head of Global Operations at Marelli Propulsion, recently visited the province. The century-old automotive components manufacturer is installing new production lines and launching new products in China to increase its capacity.

In his view, China's transformation from the "world's factory" to a "global innovation hub" has created unprecedented opportunities for foreign-invested enterprises like Marelli.

"Working in one of the most dynamic and rapidly changing mobility ecosystems in the world, we are seeing shorter production cycles, higher customer expectations, and constant waves of innovation," said C. Petrilli. Marelli currently operates eight R&D centers and 17 factories in China, employing approximately 5,000 people.

In January, the BSH Home Appliances Group subsidiary, located in Chuzhou, Anhui Province, was included in the first list of China's top-level excellence factories for its "lean collaborative intelligent factory for the entire value stream of high-end home appliances."

Established in 1995, the subsidiary has steadily expanded, and its site in Chuzhou has become one of the concern's largest production bases in the world.

BSH Home Appliances Group CEO Matthias Metz said its R&D center in China has further strengthened its capabilities, helping the country become a global innovation engine and a hub for the Group's highly skilled workforce, and that the company's goal is to develop the subsidiary in China into its global innovation engine.

Anhui's development trajectory reflects broader changes in China's manufacturing sector, which is moving beyond its established role as the "world's factory" to become a global innovation hub for advanced technologies.

Foreign companies are ramping up their investments across the country. In Shanghai, Tesla has begun production at its first energy storage system gigafactory outside the US, and the commercial batteries produced there will be shipped globally.

In Jiangsu Province (East China), BMW announced the establishment of its first information technology R&D center in China in Nanjing (the capital of Jiangsu Province, East China), which will focus on the development of intelligent driver assistance systems, intelligent cockpits, and intelligent interaction technologies.

From January to July 2025, 36,133 foreign-invested enterprises were established in China, a 14.1 percent increase compared to the same period last year. Actual foreign investment in high-tech industries reached 137.36 billion yuan (approximately $19.32 billion), according to official data.

China's continued opening-up measures also provide stronger guarantees for international innovation cooperation.

"You can see the ability of both local and provincial governments to attract new investment and promote innovation. Of course, innovation is one of the main reasons European companies operate in China," concluded Carlo D'Andrea. -0-

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