Tapestry(US:TPR) Di Yi Cai Jing·2025-11-10 10:04Group 1 - The report indicates that while global openness is slightly tightening, China's efforts to expand its openness have shown significant results, with the openness index rising from 0.5891 in 1990 to 0.7634 in 2024, marking an increase of nearly 30% over 35 years, placing it among the top globally [1] Group 2 - Sweden showcased a heavy-duty truck at the China International Import Expo, highlighting the successful entry of Scania into the Chinese market after the removal of foreign ownership limits in 2020, with the new model featuring advanced technology and a maximum towing capacity of 33,670 kg while saving up to 10% in fuel consumption [2] Group 3 - Swiss air purification brand IQAir emphasized the benefits of the free trade agreement with China, which has resulted in nearly zero tariffs, contrasting with the high tariffs imposed by the US, and noted that the Chinese market accounts for 20%-25% of its global revenue [4] - The CEO of IQAir observed a shift in Chinese consumer behavior towards valuing product quality and durability over price, indicating new opportunities in the air purification industry [4] Group 4 - Foreign companies are increasingly viewing China not only as a key consumer market but also as a hub for advanced design and innovation, with IQAir exploring partnerships with Chinese suppliers to create efficient solutions that could be marketed globally [5] - Tapestry, the parent company of Coach, has established a global design center in Dongguan, integrating Chinese ideas into its global product design, and is collaborating with Chinese firms to enhance personalized consumer experiences [5]