U.S. materials science giant Dow said it will stay committed to the Chinese market with steady investment and stronger partnerships to seize the opportunities brought by the country’s shift to a greener and smarter economy.
“We are very bullish about the growth plans in China, and we believe that innovation in China is going to grow and benefit beyond our region as well,” Dow Asia Pacific President Puay Koon Chia told Xinhua during the 7th China International Import Expo (CIIE).
This year marks the 45th anniversary of Dow’s entry into China, the multinational firm’s largest overseas market outside the United States. The company has built an extensive network in China to focus on the innovation, development and production of chemicals, plastics and advanced materials applied in sectors such as packaging, infrastructure, consumer care and new energy.
She noted that China’s economy is shifting from rapid growth to high-quality development, citing growing customer demands for circular and low-carbon solutions. “The shift is really a game-changer.”
It was also the seventh time for Dow to participate in the expo, making the company a full-time CIIE attender. Over seven CIIE sessions, Dow has introduced some 90 new products and technologies via the platform and signed over 50 strategic partnership agreements.
“Sometimes a potential partnership comes from just a conversation,” Puay Koon said. “This (CIIE) is where innovation is placed on the table, and you can have all the players across the value chain come together.”