跨国巨头眼中的中国（2024）

Group 1: Economic Recovery and Market Trends - In 2024 Q1, 80% of multinational companies achieved their performance targets, indicating strong resilience in the global economy[33] - Revenue growth for multinational companies in China rebounded to 12.1% in 2024 Q1, following a decline of -3.9% in 2023[37] - Despite geopolitical uncertainties, multinational companies maintain confidence in their operations, with limited impact from external events[3] Group 2: Industry Insights and Consumer Confidence - Companies in the TMT (Technology, Media, and Telecommunications) sector are optimistic about AI development, with expectations for a recovery in consumer electronics[4] - The consumer goods sector shows a divided outlook, with durable goods and apparel companies being more optimistic compared to automotive and essential goods firms[3] - High inflation's negative impact on consumer confidence is expected to diminish, particularly in travel and tourism sectors[43] Group 3: Capital Expenditure and Infrastructure - Multinational companies are increasing capital expenditures, particularly in optional consumption, pharmaceuticals, and TMT sectors, driven by demand recovery[4] - AI infrastructure spending is projected to significantly boost electricity demand, with data center needs expected to grow at a CAGR of 15% over the next decade[4] - Companies like Caterpillar and NextEra Energy anticipate long-term growth opportunities from AI infrastructure development[4]