Foreign manufacturing firms tap into opportunities in Guangdong

Amid the full liberalization of the manufacturing sector for foreign investment in China, global companies are flocking to Guangdong Province, leveraging the region's robust industrial clusters. Some executives shared their strategies.

With China's recent policy moves to stabilize foreign investment, companies like Carlsberg, are seizing the moment. Having invested over 20 billion yuan in China since its inception, Carlsberg opened a new brewery in Guangdong last year, a testament to the region's vibrant economy.

LEE CHEE KONG President, Carlsberg China, said "So I think that piece of investment is also show in the ways that the confidence that we have for the economy and also for the market, especially in the south as well. We look forward to continue to invest, and we do hope also the government continue with a more stimulus plan for the consumption."

Guangdong's industrial clusters and policy stability continue to attract global manufacturers, one of them is the Danish pump giant, Grundfos, a 30-year player in China.

HE LIU Head of Public Affairs, GRUNDFOS, said "We have strong confidence and commitment to Guangdong market in the future. We want to join hand with Guangdong stakeholders to build this place into a more a greener and sustainable one."

Meanwhile, Bank of East Asia, focusing on SMEs in the region, sees a different but equally promising landscape.

BI MINGQIANG CEO, Bank of East Asia (China), said "Traditionally, they (SMEs) are able to get banking service from the financial institutions. But now it is possible. We are going through the fin tech transformation and by adapting AI, big data, block chains, those kind of technology, we can better help those SMEs in need."

XU HUA Shenzhen, said "While global trade tensions persist, Guangdong's blend of openness and industrial depth offers a hedge. For foreign capital, the message is clear: innovate locally, scale regionally, and grow with China's next-gen economy. "