Chinese companies are making significant strides in international competitiveness, according to Vincent Yan, China CEO of Ajlan & Bros Holding Group. In an interview with CGTN’s Lincoln Humphries during the 5th Qingdao Multinationals Summit, Yan highlighted the growing global presence of Chinese enterprises.
“Chinese companies are becoming more internationally competitive,” Yan stated, emphasizing the increasing quality and innovation driving their growth. He noted that Saudi Arabia has become a key destination for Chinese companies looking to expand globally. “Saudi Arabia has been one of the main destinations for Chinese companies’ global expansion,” he added.
Ajlan & Bros Holding Group, a Saudi Arabian conglomerate, has been instrumental in fostering economic ties between China and Saudi Arabia. Yan’s insights reflect a broader trend of collaboration and investment between the two nations, particularly in sectors such as technology, infrastructure, and energy.
The 5th Qingdao Multinationals Summit provided a platform for multinational corporations to discuss opportunities and strategies in a rapidly changing global economy. Chinese companies’ increasing competitiveness on the international stage is indicative of the country’s economic development and its growing influence in global markets.
As businesses continue to navigate the complexities of international trade and investment, the strengthening relationships between China and countries like Saudi Arabia signal a promising future for cross-border partnerships and economic growth.
Reference(s):
Chinese companies internationally competitive: Ajlan & Bros Holding
cgtn.com
