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"Having successfully managed the effects of the COVID-19 pandemic with the support of the Chinese authorities, Nestle has decided to increase its investments in China which is another clear demonstration of our long-term commitment and confidence in the country," said Rashid Qureshi, chairman and CEO of Nestle Greater China Region. The company announced new investments of over 730 million yuan to enhance its product portfolio in late May.
"For example, besides snapping a few souvenir photos along the Seine River (in Paris), Chinese tourists may also fancy watching Les Miserables at a theater."
"First, incomes need to grow faster. Second, household consumption is rising and demand for high-quality goods and services is growing. However, there is still insufficient domestically made high-end products and services to meet demand."
"Hainan has become one of the most popular travel destinations," said Liu Bin, general manager of CDFG(Sanya) Downtown Duty Free Store Co Ltd, a local arm of the parent company.
"Guangzhou, with its beautiful, lively, open, friendly and inclusive environment, is making a name for itself as a main gateway city for China," he said.
