Adaptation the key factor to doing business in China

Foreign companies that swiftly adapt to changes in China’s market are the ones that achieve success, wrote the People's Daily.

The central government newspaper made the comment in an article responding to discussions about the large-scale exit of foreign capital from China.

The article cited Walmart, a company often speculated to be withdrawing from China, which reported a 17 percent year-on-year increase in net sales in the third quarter of 2024, in addressing these concerns.

As local retail companies rise and consumer demand diversifies, traditional business models are no longer effective in China, leading some foreign firms to exit after failing to keep up with market changes, according to the article.

The article also highlighted that industry investment is influenced by various long-term and short-term factors and that fluctuations in data are in line with economic principles.

STAFF REPORTER