Reply #89: U.S. companies eye Chinese market for growth

[xchrom]

http://news.xinhuanet.com/english2010/business/2011-05/12/c_13870277.htm

BEIJING, May 11 (Xinhua) -- "The Chinese market is one of the most important markets to Procter & Gamble in our global development range," Shannan Stevenson, P&G's President-Greater China, said in an interview with Xinhua.

Earlier this month, the company started construction on its 10th plant in China, which will be one of P&G's largest production bases in Asia upon its completion.

Stevenson said the plant not only marks P&G's commitment to providing the Chinese market with better products, but it is also part of the company's plan to invest at least 1 billion U.S. dollars in the Chinese market by 2015.

P&G's choice may be representative.