Firms' earnings put China's appeal in focus

By Xinhua News Agency

Nov 16, 2022 12:13 am

BEIJING: The Chinese market is a reliable growth engine that many multinational firms cannot afford to lose or neglect in a tough time, as shown by the latest financial reports of many world-renowned brands.

Multinationals in industries ranging from automobiles to consumer goods posted robust market growth in China in the third quarter despite several headwinds. These included the coronavirus pandemic, disrupted supply chains, weakened consumer sentiment and rising production costs.

The new Tiexi plant of BMW Brilliance Automotive in the city of Shenyang, Liaoning province, northeastern China on Dec. 21, 2021. XINHUA PHOTO

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