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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
SHANGHAI, Nov. 9 (Xinhua) — Panasonic unveiled an intelligent washing machine that automatically recognizes fabric types, analyzes stains, optimizes washing parameters, and can be controlled by voice at the ongoing China International Import Expo (CIIE) in Shanghai.
"This machine embodies our vision of smart living. Many of our cutting-edge products are designed, manufactured, and first launched in China," said Tetsuro Homma, Executive Vice President of Panasonic Holdings Corporation and Managing Director of China and Northeast Asia, at the 8th China International Import Expo, which runs from November 5 to 10.
This year's exhibition brought together 290 Fortune Global 500 companies and other leading industry players showcasing their latest innovations. As the world's second-largest import market, China's strong openness and commitment to high-quality development are fueling global demand and bolstering the confidence of multinational corporations.
Tetsuro Homma noted that their products are developed with the needs of China's broad consumer base in mind.
“Leveraging China’s rapid advancement in AI, we have deployed DeepSeek and our local AI models to create devices that support smarter and healthier lifestyles,” he said.
As evidence of this bilateral partnership, Panasonic employs 50,000 people in China, 10,000 of whom are engineers. The company's 60 Chinese subsidiaries account for 30 percent of its global revenue.
On November 4, American materials science giant Dow opened a cooling research and development studio in Shanghai, aiming to meet the growing needs of emerging industries in the Chinese market, such as artificial intelligence, the Internet of Things, and automation.
Dow, which is participating in CIIE for the eighth time, will showcase a number of new products at the 2025 Expo, including an immersion cooling fluid designed to ensure high performance and energy efficiency in data centers.
“As China strives for high-quality development, the country needs more innovative and high-performance materials, and that’s what we’re showcasing here,” said Brandy Lange, president of Dow Performance Materials.
Last month, China released proposals for the 15th Five-Year Plan (2026-2030) for the country's socio-economic development, which outlines further measures to expand voluntary and unilateral opening-up.
Executives from foreign companies, including Danish pharmaceutical firm Novo Nordisk, told Xinhua that they are closely studying the proposals to develop the plan.
“The document places an emphasis on the prevention and control of chronic diseases, which will benefit the Chinese people and is in line with our commitment to protecting public health,” said Zhou Xiaping, senior vice president of Novo Nordisk and president of Novo Nordisk China.
"At previous CIIEs, many of our products were presented as research papers or exhibits. Now, the exhibition has become a platform for presenting new products in China," she said. Since entering the Chinese market 31 years ago, Novo Nordisk has introduced 22 innovative products and 11 innovative injectable devices for the treatment of diabetes, obesity, and rare diseases.
Over the past seven years, CIIE has cumulatively raised over US$500 billion in planned transactions and helped more than 1,100 foreign enterprises and investment promotion agencies conduct targeted matchmaking activities across China, connecting new products, technologies, and services with the growing needs of China's 1.4 billion consumers.
Wang Xuekun, director of the Hongqiao Research Center at the International Economic Forum, said the interaction between global enterprises and China embodies the principle of win-win cooperation.
"China's high-quality development opens up new opportunities for the world by stimulating market demand and attracting investment, allowing multinational corporations to reap significant profits while participating in the country's modernization," he said.
Over the past five years, China's foreign direct investment rate has remained around 9 percent, one of the highest in the world. -0-
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