new foreign-fundedyb亚博体育APP千花坊prises started ope

With China witnessing consumption upgrade and industrial upgrade, foreign investment in high-tech industries rose 43 perc

ent year-on-year in the first half of this year, accounting for more than 29 percent of theyb亚博体育APP千花坊品茶微信

total FDI. The high-tech services sector received 97.4 billion yuan in FDI, up more than 63 percent.

yb亚博体育APP千花坊Zhang Zhiqiang, managing director of ABB China, said the company expanded its production base in Xiamen, Fujian provin

ce, and built a $150 million robotics factory under the theme of robots make robots in Shanghai. ABB is nowyb亚博体育APP千花坊

investing more in software applications, artificial intelligence, human r

esources and in building partnerships with both Chinese and global companies across the country, he said.

yb亚博体育APP千花坊品茶微信”China has invested heavily in industries like smart manufacturing, artificial intelligence

, robotics and clean energy, which are at the forefront of the world. This is certainly an opportunity for us, but a

lso means a challenge. Because our competitors are also doing the same, we neeyb亚博体育APP千花坊

d to figure out how we can keep up or get ahead in this competitive environment.”

Zhang said the Swiss company will deploy more resources and s

yb亚博体育APP千花坊oftware engineers in both industrial and service robot development and production in Chi

na as rapid industrial growth and frenetic urbanization have prompted labor-intensive industries to find new w

ays of coping with increased demand, especially in automotive and mining sectors.yb亚博体育APP千花坊品茶微信

Eager to seize more share in China’s new energy vehicle market, California-b

ased Tesla Inc is expected to establish a $7.3 billion manufacturing facility in Shang

yb亚博体育APP千花坊hai, its first such plant outside the US. The Shanghai plant will start operations by the end of this year. It is als

o the first global automaker to benefit from China’s revised policy announced in April 201

8, allowing foreign carmakers to set up wholly-owned subsidiaries in China.Another fyb亚博体育APP千花坊品茶微信

actor boosting MNCs’ confidence in China is the establishment of more intellectual pro

perty rights courts at both central and provincial levels since the beginning of thi

s year. Experts have hailed this move as a notable step to protect IP rights.

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