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Success of nation a boon for foreign companies By HE WEI in Shanghai | CHINA DAILY | Updated: 2021-08-03 06:50 Share CLOSE A man introduces goods at the CIIE-themed market in Shanghai on July 28, 2021. [Photo/IC]
For many multinational corporations, the China story in recent decades has been a win-win result. International businesses have expanded their reach to capture vast market opportunities, while China has grown in economic strength and enhanced the welfare of its 1.4 billion people.
Many of the success stories of these foreign companies have dovetailed with the first centenary goal set out by the Communist Party of China of building a moderately prosperous society in all respects.
Skechers Expects Double-Digit Sales Growth in China to Continue for Next Five Years Liao Shumin Skechers Expects Double-Digit Sales Growth in China to Continue for Next Five Years
(Yicai Global) Dec. 23 Skechers expects to maintain double-digit sales growth in China over the next five years as the American sports shoe brand’s sales in the country accounted for almost half of its global turnover last year, The Paper reported yesterday, citing the chief executive officer of Skechers China, South Korea and Southeast Asia.
Last year, the firm’s worldwide sales reached a record high of USD5.22 billion, 48 percent of which came from its 3,000 stores in China, said Willie Tan.