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Global Times: Why does China still need foreign investment?

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BEIJING, May 22, 2025 /PRNewswire/ — “I’ve noticed that a new action plan to stabilize foreign investment has been introduced this year. After more than 40 years of reform and opening-up, China’s domestic market entities have grown strong. Why do we still need foreign investment?” This is a question that a reader of people.cn posted.

This reader’s question is representative. The answer can be found in three sets of data.

First, as of now, foreign investors have established a cumulative total of 1.24 million enterprises in China, with investments nearing $3 trillion. Foreign-funded enterprises have long been an integral part of China’s high-quality development, contributing one-quarter of industrial added value, one-seventh of tax revenue, and creating over 30 million jobs, making significant contributions to China’s economic growth.

Second, foreign investment in China spans 20 industry categories and 115 major industry sectors. In the manufacturing sector, all 31 major categories and 548 subcategories have attracted foreign investment.

China is the only country with all industrial categories listed by the United Nations, and foreign investment has played a pivotal role. Over the past decade, investment in research and development by foreign-funded industrial enterprises above a designated scale in China has grown by 86.4 percent, and the number of effective invention patents has surged by 336 percent. The advanced technologies and management expertise brought by foreign enterprises have positively influenced the development of Chinese companies and talent cultivation, providing substantial support for building a modern industrial system.

Third, foreign-funded enterprises contribute to one-third of China’s imports and exports. The negative list for foreign investment access has been reduced from an initial 190 items to the current national version of 29 items and the free trade zone version of 27 items, with the manufacturing sector achieving a “zero” negative list.

In accelerating the construction of a new development pattern, foreign investment serves as a bridge connecting domestic and international dual circulation. On one hand, it promotes factor-flow-based openness, driving the cross-border flow of technology, products, and services through supply chains, enabling China to deeply engage in global industrial division and cooperation. On the other hand, it supports institutional openness, advancing institutional reforms in economic, technological, ecological, and other areas.

“All of this shows that foreign businesses are important participants in the Chinese modernization drive, in the country’s reform and opening up and innovation, and in its interconnectivity with the world and integration into economic globalization.”

In fact, the question “Why does China still need foreign investment?” is not new.

In 1979, China enacted a law on Chinese-foreign equity joint ventures, opening the door to foreign investment. At that time, some argued that introducing foreign capital would hinder the development of domestic industries.

Over the past 40 years, a consensus has emerged: Reform and opening-up have enabled China to rapidly integrate into the global market and keep pace with the times, with the active utilization of foreign investment being a key factor.

Opening door wider 

In recent years, global unilateralism and protectionism have intensified, with foreign investment in China increasingly disrupted by geopolitical factors. Some have claimed that “China does not welcome foreign investment.”

“Humankind is a community with a shared future.” “Openness brings progress while closing the door can only leave one behind.” China’s commitment to reform and opening-up remains unwavering, its doors of openness will only widen, and its policy of welcoming foreign investment has not changed and will not change.

China’s pace of opening up to the world has never slowed.

The action plan to stabilize foreign investment in 2025 further proposes 20 policy initiatives building upon the existing 24 measures for attracting foreign capital. 

Since the beginning of this year, the Ministry of Commerce has held an “Invest in China” policy briefing in Japan and organized related events in Sweden and the UK, significantly boosting the willingness of relevant countries to invest and cooperate with China.

In early 2025, the China Council for the Promotion of International Trade dispatched 107 delegations to visit 33 countries and regions, visiting corporate headquarters such as Mercedes-Benz, BMW, and Bosch.

How sincere is China’s commitment to opening-up? Foreign enterprises have the most say—At the China Development Forum 2025, 86 official representatives from multinational corporations from 21 countries and regions participated. According to the 2025 China Business Climate Survey Report released by the American Chamber of Commerce in China, nearly 70 percent of surveyed US consumer firms plan to increase their investments in China this year.

From January to March 2025, China established 12,603 new foreign-invested enterprises, a year-on-year increase of 4.3 percent, according to the Ministry of Commerce. Actual foreign investment in e-commerce services, biopharmaceutical manufacturing, aerospace and equipment manufacturing, and medical equipment and instrument manufacturing grew by 100.5 percent, 63.8 percent, 42.5 percent, and 12.4 percent, respectively. By region, actual investment from ASEAN rose by 56.2 percent, and from the EU increased by 11.7 percent.

Wang Peng, associate research fellow at the Beijing Academy of Social Sciences, told the Global Times that the data reflected the firm confidence and sustained commitment of foreign companies to the Chinese market.

China’s economy is on a sustained upward trajectory, with a vast and expanding market, providing foreign investors with broad market opportunities and reliable returns. Moreover, the Chinese government has implemented a series of proactive measures to attract foreign capital, continuously optimizing the business environment and providing policy support, offering robust guarantees for foreign investors, Wang said.

“Partnering with China will bring more opportunities. No matter how the external environment may evolve, China remains firmly committed to high-standard opening up and always welcomes companies from all countries to keep investing in China and explore the Chinese market to enjoy benefits and development together,” Mao Ning, spokesperson from China’s Foreign Ministry, told a press conference on March 13, 2025.

https://www.globaltimes.cn/page/202505/1334660.shtml

 

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SOURCE Global Times

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DCCM Acquires Dynamic Solutions, LLC Expanding Water Resources Expertise

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DCCM has acquired Dynamic Solutions, LLC, a consulting firm recognized for advanced water resources, hydraulic, and hydrodynamic modeling. Dynamic Solutions expands DCCM’s technical capabilities in water and environmental modeling to better serve complex infrastructure and water-related client needs. Dynamic Solutions, founded in 1996 and offering services including watershed/hydrology studies, sediment transport, water quality, and ecological modeling, will continue operating with its existing leadership and team.

HOUSTON, May 4, 2026 /PRNewswire-PRWeb/ — DCCM, a national provider of design, consulting, and program and construction management professional services, is pleased to announce the acquisition of Dynamic Solutions, LLC, a specialized consulting firm known for advanced water resources, hydraulic, and hydrodynamic modeling.

“This acquisition expands DCCM’s technical capabilities in advanced water and environmental modeling while strengthening our ability to serve clients facing complex infrastructure and water-related challenges,” said James F. (Jim) Thompson, PE, Chairman and CEO of DCCM.

Founded in 1996, Dynamic Solutions is nationally recognized for its expertise in hydraulic and hydrodynamic modeling, watershed and hydrology studies, sediment transport, water quality, and ecological modeling. The firm supports clients across federal, state, and local markets, as well as select technical advisory engagements, delivering analytical solutions for complex water and environmental challenges.

Dynamic Solutions operates from offices in Knoxville, Tennessee; Baton Rouge, Louisiana; Columbus, Mississippi; and Hamilton, Ohio, supporting projects nationwide.

“This acquisition expands DCCM’s technical capabilities in advanced water and environmental modeling while strengthening our ability to serve clients facing complex infrastructure and water-related challenges,” said James F. (Jim) Thompson, PE, Chairman and CEO of DCCM. “Dynamic Solutions brings a depth of expertise and a reputation for technical excellence that aligns well with our long-term growth strategy.”

Dynamic Solutions will continue to operate with its existing leadership and team, maintaining its specialized service offerings and longstanding client relationships.

“Joining DCCM allows us to build on the outstanding work our team is known for while gaining access to broader resources and a national platform,” said Julie Wallen of Dynamic Solutions. “We look forward to continuing to deliver the same high level of service to our clients as part of the DCCM organization.”

About Dynamic Solutions, LLC

Dynamic Solutions, LLC is a consulting firm specializing in hydraulic and hydrodynamic modeling, watershed and hydrology studies, sediment transport, water quality, and ecological modeling. Founded in 1996, the firm serves public sector and institutional clients across the United States.

About DCCM

DCCM is a provider of design, consulting, and program and construction management professional services focused on infrastructure across the public and private sectors. Through a national platform, DCCM serves a diverse range of end markets.

DCCM is a portfolio company of Court Square Capital Partners.

For more information, please visit www.dccm.com.

Media Contact

Jessica Steglich, DCCM, 1 7138749162, marketing@dccm.com, dccm.com

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SOURCE DCCM

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Modine to Participate in Upcoming Oppenheimer Virtual Conference on May 5, 2026

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RACINE, Wis., May 4, 2026 /PRNewswire/ — Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it will participate in the Oppenheimer 21st Annual Industrial Growth Conference on Tuesday, May 5, 2026.

Neil D. Brinker, Modine President and Chief Executive Officer, and Michael B. (Mick) Lucareli, Executive Vice President and Chief Financial Officer, will participate in a virtual fireside chat during the conference on Tuesday, May 5, 2026, at 1:30 p.m. Eastern time (12:30 p.m. Central Time).

Live webcasts of the event will be available in the Investor Relations section of Modine’s website www.modine.com. Recordings of the events will be available for 365 days following the webcast.

About Modine
For more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 11,000 employees worldwide, our Climate Solutions, Data Centers, and Performance Technologies segments advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, and enable the transition to a more sustainable future. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe, and Asia. For more information about Modine, visit modine.com.

Investor Contact
Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com

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SOURCE Modine

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Blaize and Winmate Sign Strategic Partnership Agreement to Bring AI to Rugged Systems for Defense and Critical Infrastructure

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Joint solutions combine Blaize’s energy-efficient and industrial-grade AI chips with Winmate’s rugged platforms – including drones, handhelds, vehicle-mounted units, and embedded edge devices used by defense, border security, maritime, and healthcare operators.

TAIPEI and EL DORADO HILLS, Calif., May 4, 2026 /PRNewswire/ — Blaize Holdings, Inc. (Nasdaq: BZAI, Nasdaq: BZAIW) (“Blaize,” the “Company,” “we,” “our,” or “us”), and Winmate Inc., a publicly traded company in Taiwan, today announced they have signed a Strategic Partnership Agreement (“Agreement”) with an intent to close approximately $15 million in business during the first year. The two companies will integrate Blaize’s AI chips into Winmate’s rugged systems, including drones, handhelds, vehicle-mounted units, and embedded devices that have to keep working in the field, often in places where regular hardware can’t survive.

The companies expect the Agreement to be the start of a much larger, multi-year relationship.

Why this partnership matters

Most AI today runs in large data centers rather than at the edge, where decisions must be made in real time. This model is often impractical for soldiers at remote posts, Coast Guard crew at sea, or medics in field clinics. They often don’t have a reliable network connection, and even when they do, they can’t afford to wait for an application to respond from halfway across the globe.

That’s the gap Blaize and Winmate intend to address through this partnership. Blaize’s chips were designed to industrial grade specifications and run AI directly on the device, with no cloud dependency. Winmate’s systems are purpose-built to perform in extreme environments, including heat, cold, dust, vibration, and rough handling. Together, they deliver real-time AI capabilities exactly where it’s needed, whether in drones, field units, the patrol vehicles, or diagnostic devices.

A fast-growing market

Demand for on-device AI is accelerating. According to BCC Research[1], the global edge AI market is projected to grow from $11.8 billion in 2025 to $56.8 billion by 2030, a 36.9% compound annual growth rate. Defense agencies, governments, hospitals, ports, and critical infrastructure operators all demand AI that can run securely on their equipment, without sending sensitive data over public networks.

From the leaders

“Our customers can’t wait, and they often can’t rely on the cloud. They need AI that runs where the work happens. Winmate makes some of the most capable rugged systems in the industry, and our chips are designed to run AI inside exactly those kinds of devices. This partnership turns a years-long vision into a practical, deployable answer for defense and critical infrastructure operators,” said Dinakar Munagala, CEO of Blaize, Inc.

“Our platforms are deployed on naval vessels, in border outposts, on industrial sites, and in disaster zones – environments where most hardware fails. With Blaize, we can now deliver those same systems with on-device AI built in, giving customers real-time intelligence wherever they operate,” said Ken Lu, Chairman and CEO of Winmate Inc.

Target applications

Border security and surveillance: Real-time threat detection and perimeter monitoringMobile command and control: On-site intelligence and situational awareness for field teamsDrones and unmanned systems: Autonomous navigation and mission execution for UAVs and ground vehiclesCritical infrastructure: Continuous monitoring and predictive analytics for power, ports, and transportationMaritime domain awareness: Vessel tracking and anomaly detection at seaField healthcare: Portable diagnostics and decision support in remote and disaster environments

Deal at a glance

First-year revenue: the parties intend to work in good faith to close approximately $15 million in business, expected to scale meaningfully in subsequent yearsTerm: Three-year initial term, with automatic renewalNext steps: Joint engineering, sales, and marketing execution to bring integrated systems to market, with additional opportunities to be added through follow-on programs

[1] BCC Research, “Global Edge AI Market,” October 2025

About Blaize, Inc.

Blaize delivers a programmable AI platform, purpose-built for AI inference workloads in real-world environments. Its Hybrid AI architecture combines the Blaize GSP (Graph Streaming Processor) with GPU-based infrastructure, enabling AI inference workloads to run across edge, cloud, and data center. Blaize solutions support computer vision, multimodal AI, and sensor-driven applications across smart cities, industrial automation, telecommunications, retail, logistics, and defense. Blaize is headquartered in El Dorado Hills, California, with a global presence across North America, Europe, the Middle East, and Asia. Visit www.blaize.com or follow us on LinkedIn @blaizeinc.

About Winmate Inc.

Winmate Inc. is a publicly traded global leader in rugged computing systems, delivering industrial-grade platforms – including handhelds, tablets, vehicle-mounted units, panel PCs, and embedded modules – for demanding environments across defense, transportation, energy, healthcare, and industrial markets.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are based on beliefs and assumptions and on information currently available to Blaize, including expectations and scope of customer contracts, including the Strategic Partnership Agreement with Winmate, the potential value and the timing of revenue pursuant to such contracts, preliminary estimates of results of operations and guidance on results for future periods, the industry in which Blaize operates, market opportunities, and product offerings. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to those factors discussed under the heading “Risk Factors” in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 24, 2026, and other documents filed by Blaize from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Blaize assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. Blaize does not give any assurance that it will achieve its expectations.

Blaize Contact

press@blaize.com
www.blaize.com 

Investors

ir@blaize.com
www.blaize.com 

Winmate Inc.

Liu, Chih-Yuan
Tel: +886-2-8511-0288
Email: spokesman1@winmate.com.tw
https://www.winmate.com/ 

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SOURCE Blaize Inc.

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