3M: Robust fundamentals help China retain investment edge
American industrial products maker 3M Company will continue to increase its investments in China despite the pandemic-related disruptions. That's according to Henry Ding, President of 3M China who is also a strong supporter of the "local for local" strategy. In an interview with CGTN's Global Business, Ding said that China, with its strong fundamentals and economic resilience, was one of the few countries that retained its investment allure, despite the COVID-19 outbreaks. 3M will go ahead with its plans to invest 50 million U.S. dollars in its Shanghai unit, said Ding.