Core Insights - Skechers is committed to increasing investment in the Chinese market, recognizing its development potential [1] - The China International Import Expo (CIIE) serves as a significant platform for international procurement, investment promotion, and cultural exchange, enhancing brand visibility and creating collaboration opportunities [1] - The demand from Chinese consumers for high-quality and personalized products is driving global industry resources to converge in China, positioning it as a testing ground for innovative products and technologies [1] Company Strategy - Skechers plans to deepen its localization efforts in China, focusing on product research and development, direct-to-consumer (DTC) business, digital upgrades, e-commerce channel development, and market expansion [1] - The company has participated in the CIIE for seven consecutive years, indicating its long-term commitment to the Chinese market [1] Market Trends - The continuous improvement of the CIIE's exhibition standards and services has facilitated smoother processes for exhibitors and buyers, reflecting a growing enthusiasm among participants [1] - The open nature of the Chinese market provides foreign companies with opportunities to connect deeply with local supply chains, partners, and consumers [1]

Group 1 - Foreign enterprises are committed to reinvesting profits in China, indicating strong confidence in the Chinese market and a willingness to develop alongside it [1][5] - The German company, Fawork, recently announced an investment of 500 million yuan to expand its production base in Suzhou, marking its fourth investment in China since 2008 [3] - The rapid growth of the Chinese automotive market has led to an increase in annual sales from 200 million yuan to 1 billion yuan, necessitating expansion to meet market demand [5] Group 2 - Alfa Laval, a global leader in heat exchange and fluid processing solutions, has been operating in China for over 40 years and has consistently reinvested profits over the past five years, with plans for further investment in 2024 [7] - In 2024, the Chinese market is expected to surpass the U.S. as Alfa Laval's largest single market, reflecting the company's strong confidence in the region [7] - The company plans to invest in new production lines and smart upgrades within the year, demonstrating ongoing commitment to the Chinese market [7]