JINAN, June 23 (Xinhua) -- Rooftop photovoltaic panels generate clean power, new energy vehicles (NEVs) roll off production lines, and kitchen waste is transformed into resources.
Across factories, communities, transport systems and energy networks, China's accelerating green transition is opening up exciting new growth opportunities for multinational companies.
China's 15th Five-Year Plan (2026-2030) has called for accelerating the country's green transition across the board, building a Beautiful China and promoting green and low-carbon transformation in key areas, including industry, urban and rural development, transportation and energy.
For multinationals, the plan offers not only clearer policy direction but also expanded industrial space.
German chemical giant BASF has been advancing low-carbon operations at its Verbund site in Zhanjiang, south China's Guangdong Province, by sourcing renewable electricity for the large-scale chemical complex.
French energy technology firm Schneider Electric continues to support Chinese companies' green transformation through energy management, automation, and digital technologies, while industrial giants such as Siemens are rolling out solutions for smart electrical systems, green manufacturing, and energy optimization.
With its vast market, complete industrial chains and diverse application scenarios, China is becoming a major global hub for the research and development (R&D) as well as deployment of green technologies.
Booming green sectors are attracting multinational corporations to expand their footprint in China, forming a new driver of investment growth.
The NEV sector is one of the most prominent examples.
China's auto industry has made significant progress in vehicle electrification over the past decade, and the next stage will focus on intelligent vehicles, said Renee Wang, executive vice president of automotive supplier ZF Group, at the 7th Qingdao Multinationals Summit held last week.
Discussions on topics such as the NEV industrial chain and the use of green energy to empower high-end chemical industries at the event highlighted the growing interest of global companies in China's booming green industries.
"Drawing on China's mature supply chain ecosystem and abundant R&D talent pool, we look forward to partnering with Chinese counterparts to jointly explore technological pathways, develop more efficient ways to deploy green energy, and scale up innovations across the Asia-Pacific region and the rest of the world," Wang said.
The environmental sector is also brimming with massive opportunities.
Strabag Umwelttechnik GmbH, a German company specializing in environmental solutions, sees strong alignment between its technological direction and China's drive to promote green utilization of biomass in the next five years, according to Peng Tao, the company's area manager for China.
"In the treatment of bulk organic solid waste, including agricultural straw and livestock manure, we aim to launch more demonstration projects and bring Germany's expertise to support China's green development and low-carbon governance," Peng said.
As China advances high-standard opening-up, it continues to encourage multinational companies to participate in cooperation in areas such as green and low-carbon development, advanced manufacturing and technological innovation.
"While bringing cutting-edge technologies to China, multinationals should also help promote worldwide China's innovations in fields such as new energy," said Lydia Linna Liu, vice chair & secretary-general of the Global Investment Council.
"By doing so, multinationals can share more dividends from the development of new quality productive forces during China's green transition," Liu said. ■
