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Multiple foreign firms report robust performance in Chinese market in Q1

2026-05-11 09:30   环球时报网英文版

  A view of the Lujiazui area in Shanghai Photo: VCG

  Multiple foreign enterprises from sectors including food and beverage and electric vehicles posted sound performances in the Chinese market in the first quarter amid the country"s better-than-expected economic growth and policy measures to effectively expand domestic demand.

  Ian Borden, chief financial officer of McDonald"s, said during the earnings call on Thursday (US time) that the company maintained its share in China between January and March and stressed that the company continues to execute its strategy to "capture the long-term growth potential of the market."

  "We remain on track to open approximately 1,000 new restaurants in China this year," Borden said, according to a transcript of the conference.

  In the first quarter, US beverage giant Coca-Cola said its global unit case volume grew 3 percent, highlighting the leading role of the Chinese market, according to a release sent to the Global Times.

  Coca-Cola China said it continued to accelerate supply chain expansion in the Chinese market. In April, Zhuhai Coca‑Cola"s Jinwan New Plant was officially inaugurated. As a key production and sales base for the Coca‑Cola China system in southern China, the facility represents a total investment of approximately 835 million yuan ($122.7 million), with 15 planned production lines, it said.

  Aside from food and beverage giants, Tesla"s deliveries of Model 3 and Model Y vehicles built at its Shanghai ⁠plant, including those exported to Europe and other markets, totaled 79,478 units in April, representing year-on-year growth of 36 percent, China Passenger Car Association data showed on Thursday.

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