Apart from Xi'an, Bosch also continued to invest in its plants in the eastern Chinese cities of Wuhu and Nanjing, Denner said. "(The) Chinese government is encouraging foreign investors to invest in the country. That is positive for companies like Bosch."
Denner underlined that the high investment rate in China is related not only to manufacturing activities, but to local high-quality innovation.
London-based oil giant British Petroleum (BP) has launched its first branded retail station in China's eastern Shandong province, marking the start of its plan to add 1,000 new sites over the next five years to the existing network in China with more than 740 sites.
Particularly, the energy company opened a dedicated electric vehicle charging station in the first quarter in China, according to its quarterly report.
"I always think of China as the jewel in the crown," said Bill McDermott, CEO of Germany's largest software company SAP. "When you think about the world's second-largest and fastest growing economy, you have to be super excited."
In McDermott's view, SAP is performing well in China thanks to its close cooperation with Chinese partners like Alibaba and China Telecom and contributes to the Chinese economy as well.
"I love being in China. I love innovating in China, for China," McDermott said.
(Xinhua reporters Liu Fang in The Hague, Wang Huihui and Sun Xiaoling in London, Zhu Sheng in Berlin, and Liu Qu in Geneva also contributed to this report.)
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