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Expo seen as boon to global manufacturers

China Daily | Updated: 2022-11-08 09:47
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Ding Hongyu, senior vice-president of 3M Co and president of 3M China

A1 The CIIE is the most effective platform for multinational companies like 3M to foster trade, connectivity and relevancy in China. It provides 3M with opportunities to demonstrate our cutting-edge technologies, and promote innovative products and solutions to our potential customers in focused industries and the public. Over the past four years, by leveraging the platform, 3M showcased a number of innovative products and won wide popularity among Chinese customers.

A2 The COVID-19 pandemic reinforced the power of science in solving tough challenges. The challenges the world faces may seem daunting, but they are solvable — especially if tackled with a collaborative and science-based approach. China has made strong commitments to green and high-quality development. We are excited about the opportunities to leverage incentives and apply 3M science to green development across the country by working closely with government branches, businesses and research institutes — and, of course, by making full use of great marketing platforms like the CIIE.

A3 China's economy is closely connected with the global economy. With its high resilience and potential, the Chinese economy will help boost the confidence of a world facing challenges. China has played an irreplaceable role in global industrial and supply chains, and also in global economic recovery amid the pandemic.

China is a strategically important long-term market for 3M. We have continued to invest in the country. We have achieved mass production for the newly set up semiconductor grinding disc production line at our Suzhou plant in Jiangsu province and put into use the China Adhesive Prototyping Center this year. These moves help us better serve customers with full localization from R&D to production and commercialization.

A4 We see many growth opportunities in China across our leading businesses — including industrial, electronics, automotive, healthcare, air quality and safety.

The country's investments in modern manufacturing and infrastructure development will bring new opportunities for 3M. We are also excited about the opportunities coming from its focus on green development, a priority of its long-range strategic plans. Sustainability is incorporated into every new product 3M makes.

A5 China's continued opening-up efforts have actively bolstered its economic growth, and the economy has shifted from high-speed growth to high-quality development, with innovation as a core driver. The business environment for foreign enterprises has also steadily improved. This includes significant progress in IP protection, which will facilitate market access for many products.

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