Caixin Summit: Foreign Firms See China as Global Growth Engine, BASF Vice President Says

Multinational companies increasingly see China as a key driver of their global development thanks to its advantages in innovation, costs and supply chains, a senior BASF SE executive said on Thursday.

Jens Hildebrandt, the German chemical giant’s vice president responsible for government relations in Greater China, told the 17th Caixin Summit that localization in China can help foreign companies expand overseas and support their global operations.