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Flagship factories of foreign companies in China indicate country’s optimized structure of foreign investment attraction
By Kong Dechen
China’s actual use of foreign capital in high-tech industries grew 18 percent year on year to 156.71 billion yuan ($22.34 billion) in the first quarter this year.
More and more multinational corporations have invested in Chinese high-tech industries and established their global flagship factories in the country, which mirrored the importance they attach to China and the strength of China’s high-end manufacturing.
In Tesla’s Shanghai plant, electric cars are rolling off production lines one after another for quality check. The two-storey factory, which looks like a mechanical puzzle cube, have long production lines that stretch beyond one’s eyesight. Auto parts there are handled by robotic arms.
Different from this super large plant, the factory of Siemens Energy in Shanghai is smaller and more “delicate.”
The products manufactured in the factory are customized by its clients, with each of them requiring different assembling techniques, which decides that massive production is not an option for the factory, said Zheng Feng, head of the Siemens Energy factory.
Though covering a small area, the factory features fine-tuned and efficient production, and is a world-leading manufacturer of its type, Zheng told People’s Daily.
At present, factories of foreign enterprises in China are marching toward digitalization and fine-tuned production. It indicates higher-quality foreign investment into China and a constantly optimized structure of foreign investment.
“China has become an innovative country and its economic structure is being adjusted rapidly. The developments of new businesses, models and growth drivers are powered by high-tech industries, which promotes the optimization of the structure of foreign investment,” said Zhang Jianping, deputy director of the Academic Steering Committee of the Chinese Academy of International Trade and Economic Cooperation.
The fast growth of high-tech industries, especially high-tech manufacturing, not only indicates the huge potential of China’s manufacturing industry and a complete ecosystem of high-tech manufacturing, but also proves that new comparative advantages of China are taking shape, Zhang added.
China’s increasing appeal for foreign investment also comes from the optimization of business environment in the country.
Zhang noted that the Chinese government has issued a series of favorable policies and reform measures, which have created a sound environment for the development of foreign enterprises in China.
According to him, China’s progress in intellectual property right protection and relevant laws and regulations has ensured stable development of foreign enterprises in China, too.
Digitalization, intelligence and greening are features of the flagship factories of foreign companies in China.
An executive of Tesla’s Shanghai plant told People’s Daily that the factory’s automatic production lines are covered by a reliable industrial network, which offers complete online services for equipment automation, wireless connection of production equipment, production data collection, human-machine interaction and smart decision making.
Recently, Siemens High Voltage Switchgear Ltd. Shanghai under Siemens Energy was listed as a green factory by China’s Ministry of Industry and Information Technology.
“Green factory is one that achieves intensive land use, utilizes environmentally friendly raw materials, adopts clean production, recycles waste materials and relies on low-carbon energy,” said an executive of the switchgear manufacturer.
According to the executive, by developing new solutions of green energy, the factory has established an energy structure in which different types of energy complement each other and thus promoted refined management of energy.
Top-notch foreign-funded projects have been implemented in China this year, as regions across the country have actively launched new measures and policies to attract foreign investment and worked vigorously to better business environment.
A 6-billion yuan aircraft lifecycle service center of Airbus is currently under construction in Chengdu, southwest China’s Sichuan province. A drink production base of Thai TCP Group with total investment of about 2 billion yuan has completed about three quarters of construction. Tesla recently announced that it will build an energy-storage mega factory in Shanghai.
Shu Jueting, a spokesperson of the Ministry of Commerce noted that over 300 new foreign investment projects have been signed since the outside of this year, involving key sectors such as biomedicine, advanced manufacturing, chemical industry, energy and modern services.
By Fabian Apechihin
The 2026 Constitution Amendment Bill has moved to the state level following its consideration by the National Assembly, paving the way for state legislatures to consider the proposed amendments.
The development comes amid renewed attention on constitutional reform and ongoing discussions over proposed changes to Nigeria’s governing framework.
Meanwhile, the House of Representatives has defended FCT Minister Nyesom Wike over allegations surrounding borrowing by the Federal Capital Territory Administration.
House spokesperson Akin Rotimi Agbese, speaking in an interview with Channels Television, rejected claims that Wike had undertaken borrowing without the knowledge or approval of the National Assembly.
Agbese said the FCT minister could not independently create a sovereign borrowing obligation, stressing that public borrowing is subject to constitutional, statutory and administrative procedures.
“Wike has committed no infraction in borrowings. There is no basis for the allegation that he has been borrowing money behind the back of the National Assembly,” Agbese said.
He explained that borrowing to finance infrastructure was not unlawful where the required approvals and procedures had been followed.
“Borrowing for infrastructure development is not unlawful in itself, provided the prescribed approvals and procedures are followed,” he added.
The House spokesperson further argued that an increase in the FCT’s debt profile should not automatically be interpreted as evidence of illegal borrowing, citing the scale of infrastructure projects being undertaken in Abuja under Wike.
According to Agbese, the key issue is whether the appropriate approvals were obtained for specific borrowing transactions, rather than simply whether the FCT’s overall debt profile has increased.
The comments come as scrutiny continues over public borrowing, infrastructure financing and the legal procedures governing government debt at both the federal and sub-national levels.
By Fabian Apechihin
The 2026 Constitution Amendment Bill has moved to the state level following its consideration by the National Assembly, paving the way for state legislatures to consider the proposed amendments.
The development comes amid renewed attention on constitutional reform and ongoing discussions over proposed changes to Nigeria’s governing framework.
Meanwhile, the House of Representatives has defended FCT Minister Nyesom Wike over allegations surrounding borrowing by the Federal Capital Territory Administration.
House spokesperson Akin Rotimi Agbese, speaking in an interview with Channels Television, rejected claims that Wike had undertaken borrowing without the knowledge or approval of the National Assembly.
Agbese said the FCT minister could not independently create a sovereign borrowing obligation, stressing that public borrowing is subject to constitutional, statutory and administrative procedures.
“Wike has committed no infraction in borrowings. There is no basis for the allegation that he has been borrowing money behind the back of the National Assembly,” Agbese said.
He explained that borrowing to finance infrastructure was not unlawful where the required approvals and procedures had been followed.
“Borrowing for infrastructure development is not unlawful in itself, provided the prescribed approvals and procedures are followed,” he added.
The House spokesperson further argued that an increase in the FCT’s debt profile should not automatically be interpreted as evidence of illegal borrowing, citing the scale of infrastructure projects being undertaken in Abuja under Wike.
According to Agbese, the key issue is whether the appropriate approvals were obtained for specific borrowing transactions, rather than simply whether the FCT’s overall debt profile has increased.
The comments come as scrutiny continues over public borrowing, infrastructure financing and the legal procedures governing government debt at both the federal and sub-national levels.
By Fabian Apechihin
The Peoples Democratic Party (PDP) has reaffirmed its intention to contest the 2027 presidential election despite the decision of Federal Capital Territory Minister, Nyesom Wike, to support President Bola Ahmed Tinubu’s re-election bid.
The party said Wike’s decision was personal and did not alter its position to participate in the presidential election with its candidate, Senator Sandy Onor. PDP National Publicity Secretary, Jungudo Haruna Mohammed, made the clarification on Wednesday.
According to the party, a recent conversation between Wike and Onor should not be interpreted as a political negotiation between the minister and the PDP.
“He told Nigerians that Sandy is his friend. And they only had a friendly discussion within the umbrella of friendship. So, that is just a personal discussion between him and his friend,” Mohammed said.
He added that Wike’s support for Tinubu did not prevent the PDP from fielding candidates for the presidential, governorship and legislative elections.
Wike had earlier clarified that his support in 2027 was specifically for Tinubu’s presidential re-election and did not amount to an agreement that the PDP would withdraw from other electoral contests. He also said he never promised that the PDP would abandon its candidates for governorship, National Assembly and State House of Assembly elections.
“I said I will support the President from day one. I never told Mr President I will join APC,” Wike said.
The minister also maintained that his proposed Rainbow Coalition was not an arrangement with the All Progressives Congress (APC), but rather a platform through which politicians from different parties could mobilise support for Tinubu’s re-election.
The issue has generated disagreement with some APC governors, who have expressed concern about a political arrangement that could affect the party’s candidates at other levels.
APC Progressive Governors’ Forum Chairman, Hope Uzodinma, said the governors would not support any alliance or arrangement that could weaken the APC or adversely affect its candidates.
Meanwhile, APC presidential campaign council spokesperson Ima Niboro has urged Wike and APC governors to end their public exchanges and concentrate on political mobilisation.
“When I said tone down the rhetoric, I do not mean stop working. Stop talking, go and work,” Niboro said.
He urged political leaders to strengthen their grassroots structures and engage directly with voters rather than continue exchanging statements in the media.
“All this shouting is not taking anybody anywhere. Go and work. Go and establish your authority on your political base,” he said.
2026 Constitution Amendment Bill Moves to States
2026 Constitution Amendment Bill Moves to States
2027: PDP Insists on Presidential Contest Despite Wike’s Support for Tinubu
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