Zhao Bingdi, president of Panasonic Electric Co., Ltd., said in an interview at APEC Digital Week: “Whether it's good or bad, Panasonic's development trend in China will not change.” Referring to the advantages of the Chinese market, Zhao Bingdi believes that after decades of development through reform and opening-up, China has developed a systemic advantage in attracting long-term foreign investment, and multiple positive factors are having a synergetic resonance effect. First, there is a huge domestic demand market and a complete supply chain system. Panasonic has today's development, thanks to the continuous expansion of the Chinese market. China has the most complete industrial chain in the world and is one of the best supply chain systems in the world. Panasonic has more than 3,000 local partners in China to supply Japanese and overseas markets, and Panasonic is both a contributor and a beneficiary. The second is the continuous improvement of the business environment. China's business environment has shown long-term nature and transparency throughout the policy process. For example, since 2020, Panasonic has continued to invest and develop in China, and has built and expanded more than 20 projects, which fully demonstrates Panasonic's determination to deeply cultivate China for a long time.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.