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A view of Lujiazui, Shanghai Photo: VCG<\/p>\n
A number of multinational corporations have released their latest quarterly results, with the performance of the Chinese market being a highlight.\u00a0<\/p>\n
US coffee chain giant Starbucks on Thursday revealed its fourth-quarter financial report for fiscal year 2025 (ended September 28), noting that the Chinese market has maintained its positive momentum along the track of recovering growth, according to a press release the company sent to the Global Times on Thursday.<\/p>\n
The company’s operating revenues in the Chinese market continued to rise for four consecutive quarters to $831.6 million, a year-to-year growth of 6 percent, according to the press release.<\/p>\n
Apple, which saw its market value top $4 trillion for the first time this week, is due to report its fourth-quarter results on Thursday (US time), Reuters reported on Tuesday.\u00a0<\/p>\n
The company is poised to benefit from the trending sales of its latest smartphones, including the iPhone 17 lineup and the iPhone Air, in markets including China, the report said.\u00a0<\/p>\n
French beauty conglomerate L’Oreal posted a 4.2-percent rise in third-quarter sales, noting improving demand in China for its luxury brands, Reuters reported on October 21.\u00a0<\/p>\n
Singapore-based Perennial Holdings Private has entered into a strategic collaboration agreement with the Ruijin Hospital Affiliated to Shanghai Jiao Tong University School of Medicine to jointly leverage their collective strengths and resources, the company said in a statement sent to the Global Times on Thursday.\u00a0<\/p>\n
Since opening China’s first wholly foreign-owned private tertiary general hospital in North China’s Tianjin Municipality in February, Perennial Holdings Private has entered multiple cooperation agreements in China.<\/p>\n
Multinational companies’ enthusiasm went beyond fiscal reports, with many pledging to further expand their local operations and also demonstrating their willingness to take part in high-profile trade shows in China.<\/p>\n
The eighth China International Import Expo, which will be held in Shanghai from next week, has attracted 4,108 overseas exhibitors from 155 countries, regions and international organizations, setting a new record in scale, according to the Ministry of Commerce (MOFCOM).<\/p>\n
In response to a media question on China’s further plan on expanding opening-up and attracting foreign investment in the 15th Five-Year Plan (2026-30) period, Chinese Commerce Minister Wang Wentao said last week that whether it comes to opening-up or attracting investment, China will not engage in zero-sum games that harm others for self-gain, but rather pursue mutual benefit and common development.<\/p>\n
“Many multinational companies have told us that ‘investing in China’ is not optional, it is a must,” he added.\u00a0<\/p>\n
Wang further emphasized that China’s super-large market is also an opportunity for foreign companies, noting that foreign-brand sales accounted for one-third of car replacements in the nationwide consumer goods trade-in program.<\/p>\n","protected":false},"excerpt":{"rendered":"A view of Lujiazui, Shanghai Photo: VCG A number of multinational corporations have released their latest quarterly results,…\n","protected":false},"author":2,"featured_media":118550,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-118549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/118549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=118549"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/118549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/118550"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=118549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=118549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=118549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}