China Remains Vital Market for Multinationals Despite Short-Term Risks
• China made up 15% of revenue for top 200 multinational companies (MNCs) in 2022 • China remains an important market for MNCs due to economic rebound and consumption growth • MNCs are taking a long-term view on China despite short-term volatilities • MNCs are localizing and diversifying supply chains in China for resilience • MNCs face growing competition in China but opportunities exist via JVs, M&As