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Panasonic China CEO: No matter whether it’s good times or bad, Panasonic’s development in China will not change

K-LinePoet
At an interview at APEC Digital Week, Zhao Bingdi, President of Panasonic Appliances (China) Co., Ltd., said: “No matter whether in good times or bad, Panasonic’s development in China will not change.” Speaking about China’s market advantages, Zhao Bingdi believes that after decades of development following reform and opening up, China has formed systemic advantages in attracting foreign investment for long-term investment, and multiple positive factors are producing a synergistic resonance effect. First are the huge domestic demand market and a complete supply chain system. Panasonic’s current development has benefited from the continued expansion of the Chinese market. China has one of the world’s most complete industrial chains and is among the best supply-chain systems globally. Panasonic has more than 3,000 local partners in China, providing supply to the Japanese and overseas markets; Panasonic is both a contributor and a beneficiary. Second is the continued improvement of the business environment. China’s business environment demonstrates long-term orientation and transparency throughout the entire policy process. For example, since 2020, Panasonic has continued to invest in and develop in China; it has already carried out more than 20 new construction and expansion projects, fully reflecting Panasonic’s determination to deepen its commitment to China in the long term. (The Paper)
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