Group 1: Economic Trends and Developments - Since 2013, foreign enterprises in China have shown an upward trend in operating income and total profit, maintaining an average profit margin of around 8% [1] - The China International Import Expo (CIIE) has become a crucial bridge for promoting domestic and international dual circulation, showcasing the vitality of China's large-scale market [1][2] - Shanghai's trade hub function has significantly enhanced, with a total trade volume exceeding 11 trillion yuan in the previous year, marking a 26.5% increase from 2020 [2] Group 2: Investment and Localization Strategies - Multinational companies are increasingly planning to invest in China, with a focus on localizing research and development and building talent teams to keep pace with China's innovation [5][6] - Medtronic has emphasized the importance of local clinical trials and training in China, committing to 100% localization to leverage local supply chain advantages [9] - Companies like Karcher are expanding their production capacity in China, establishing the largest R&D base outside Germany, and upgrading their Shanghai headquarters to a regional hub [8][9] Group 3: CIIE's Role in Global Trade - The CIIE has not only expanded import scales but also optimized import structures to better meet domestic consumption and industrial upgrade needs [3] - The event has facilitated significant procurement activities, with the Shanghai trading group achieving a cumulative procurement amount of 56.2 billion USD over the first seven expos [3] - The CIIE serves as a platform for foreign companies to observe market opportunities and technological advancements in China, enhancing their commitment to local investments [5][6]