A view of Shanghai's Lujiazui area on March 21, 2025 Photo: VCG

Several multinational corporations have recently released their financial results, highlighting the significance of the Chinese market and their commitment to further expanding local operations. 

Germany's Siemens reported earnings for the third quarter of the 2025 fiscal year from April 1 to June 30, on Thursday local time. The company said that its revenue in the automation business increased year-over-year for the first time since the fourth quarter of the 2023 fiscal year, mainly driven by its business in China. 

US-based restaurant chain McDonald's also released its quarterly earnings report, and in an earnings call on Wednesday, Chief Financial Officer Ian Borden said that "we remain confident in the long-term potential of the China market and remain on track to deliver on our new restaurant opening target there this year." Borden noted that McDonald's expects to open about 1,000 new restaurants in China, according to the transcript shared with the Global Times. 

The chain's international developmental licensed markets division, which includes Japan and China, posted same-store sales growth of 5.6 percent, CNBC reported. 

US language-learning app Duolingo also released its results for the second quarter ended June 30, 2025 on Wednesday.

Responding to a question about the Chinese market, Luis Vonon, co-founder and CEO of Duolingo, said in the earnings call that "We feel really good about China. It's our fastest-growing market. We've been growing a lot." Vonon partly attributed the faster-than-expected growth in China to the partnership with Chinese coffee chain Luckin, according to Investing.com. 

Amid a complex global landscape, China's market attracts global enterprises with its robust economy, vast consumer base, and leadership in technologies like artificial intelligence and 5G. This stability, coupled with a dynamic innovation ecosystem and supportive policies, enables long-term planning, reduces risk, and creates significant growth opportunities for international businesses, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Friday.

S&P Global Ratings on Thursday maintained an "A+" rating and "stable" outlook for China's sovereign credit. Commenting on the rating agency's decision, China's Ministry of Finance said in a statement that it shows recognition of the resilience of China's economic growth and the effectiveness of its debt management.

Wang noted that China's high-quality opening-up policies attract multinational enterprises by optimizing the business environment through streamlined administrative reforms, enhanced intellectual property protection, and transparent investment conditions. 

Expanded market access, improved infrastructure, trade facilitation, and advanced manufacturing provide diverse opportunities for collaboration, cost reduction, and mutual growth, he added. 

China has rolled out new measures to encourage reinvestment by foreign-funded enterprises, according to a circular jointly released by seven government bodies, including the National Development and Reform Commission, the Xinhua News Agency reported in July.

According to the circular, the measures cover a wide range of areas, including stronger project support services, streamlined procedures for setting up new reinvested entities, and innovative financial products and services. 

A total of 30,014 foreign-invested enterprises were newly established in the Chinese mainland in the first six months this year, representing year-on-year growth of 11.7 percent, according to data released by the Ministry of Commerce in July. 

Global Times