Execs voice confidence in China's consumer market

Q4 As China continues to pursue high-quality development through a homegrown path to modernization, what is the vision for your company's business in the country over the long run? What business opportunities do you foresee emerging as part of the process of Chinese modernization?

TAN: Skechers will continue to increase its investment in China, strengthen cooperation with strategic partners, provide Chinese consumers with more high-quality products, co-create innovative consumption scenarios, and achieve win-win results for the future.

With the increasing attention to environmental protection and sustainable development, the demand for environmentally friendly and sustainable sports products has also increased. Consumers are more concerned about environmental performance, material sources and the sustainability of products during the production process. Therefore, we are using environmentally friendly materials, and promoting recycling and renewable resources to target more opportunities in the market.

SUN: China has experienced unprecedented economic development since it adopted the reform and opening-up policy over 40 years ago. The market is not only huge, but unique, as Chinese consumers are tech and digitally savvy and quick adopters of new trends. They care about all aspects of products, from aesthetics and materials to packaging and pricing. This requires companies to be innovative not just to meet market demand, but to create ever-new products that remain relevant and exceed expectations.

BOZEC: China is bound to enter a stage of sustainable development. With the implementation and promotion of related laws and regulations on optimizing the business environment in China, we have seen the business environment continue to be optimized, which strengthens our confidence and determination to deepen our roots in the Chinese market. Tapestry will deepen our localization strategy and increase investment to create more value for Chinese consumers and the market.

MACHADO: We are impressed by and respect the modernization process in China. The country has been undergoing amazing growth and development over the past four decades. After a high-speed development phase, China is in a high-quality development phase, which we believe will bring more fairness and happiness to the people.

China counts today on top universities, very well-trained local professionals, high-end R&D and innovation hubs, as well as policies that promote such activities. The combination of these factors makes China an innovation power with a huge ecosystem. We are confident that China will continue to be a key engine for growth and development not only in Asia, but also the world.

ZHAI: China's commitment to high-quality development will provide more opportunities for companies in China. We will continue our commitment to tapping into the strengths of multinational enterprises, and drive the high-quality transformation of the industry while realizing our development to help the development of China's economy.

Bolstering the digital economy and hastening green initiatives are two critical moves for China's modernization journey. As an enterprise, it is necessary to actively approach green and digital transformation in advance to achieve faster and more efficient results to effectively promote the development of industrial upgrading and intelligent manufacturing.