Core Insights - The eighth China International Import Expo concluded with an intended transaction amount of $83.49 billion, marking a 4.4% increase from the previous year and setting a historical record [1] - A total of 4,108 companies from 138 countries and regions participated, including 290 Fortune Global 500 and industry-leading enterprises, showcasing China's strong market appeal [1] - The event highlighted a significant trend where multinational companies are increasingly focusing on deep localization centered around "China Original," rather than merely viewing China as a sales market or manufacturing base [1][2] Group 1: Foreign Enterprises' Localization Strategies - Many foreign companies have adjusted their organizational structures to enhance decision-making power in China and invest more in local supply chains and innovation centers [2] - In the automotive sector, overseas companies are adopting strategies focused on "deepening in China, serving China," leveraging China's advantages in the new energy vehicle industry [2] - The pharmaceutical industry is also witnessing this trend, with global pharmaceutical giants establishing strategic R&D centers in China and collaborating with local firms [2] Group 2: Market Environment Changes - The transformation in foreign enterprises' strategies is driven by significant changes in the Chinese market environment, including continuous upgrades from years of reform and opening up [3] - Emerging industries such as new energy vehicles, energy storage, wind power, photovoltaic, and digital technology are gaining prominence, providing a robust foundation for innovation [3] - Schneider Electric serves as a prime example of a multinational company enhancing its capabilities in China, having established itself as a key player in the market [3] Group 3: Schneider Electric's "China Center" Strategy - Schneider Electric has built a "China Center" strategy that integrates R&D, production, and talent development, allowing for agile responses to local market demands [4][5] - The company has established five R&D centers in China, employing over 2,200 engineers and holding more than 3,000 patents, with R&D investment growing at a compound annual growth rate of over 18% since 2019 [4] - Schneider Electric's production and supply chain systems are designed to quickly adapt to new product developments, ensuring efficient market responsiveness [5] Group 4: Global Impact and Talent Development - Schneider Electric is leveraging its capabilities developed in China to support Chinese companies in global markets, facilitating projects along the Belt and Road Initiative [9] - The company emphasizes the importance of local talent, with a significant number of core decision-makers in China being local professionals, marking a shift from global talent influx to Chinese talent taking on global roles [9][10] - The company's innovations, such as environmentally friendly switchgear developed in China, are being exported globally, exemplifying the "China wisdom" benefiting the world [8][10]