How do multinational companies invest in China?

The investment mode has changed from joint venture to sole proprietorship or holding, and from greenfield investment to merger and acquisition of local enterprises or listed companies. Multinational companies' investment in developing countries generally goes through the running-in period of joint venture and cooperation, and their investment in China also follows this development process. Since 2000, the number of wholly foreign-owned enterprises investing in China has surpassed that of joint ventures. Some multinational companies also seek to list on China A-share market, and deeply participate in China capital market. According to the analysis, the specific ways of multinational M&A are: directly purchasing equity, increasing capital and shares, and setting up foreign-funded enterprises to purchase assets. The mode of cooperation has changed from product and general technology cooperation to brand and standard cooperation, and the mode of competition has changed from general commodity competition to brand patent competition. In order to strengthen the competitiveness in China market, the competition among multinational companies in China has changed from competition to "co-opetition", and they have cooperated in certain fields and projects, established alliances, complemented each other's advantages and made joint efforts. The production bases, procurement centers and R&D centers established by multinational corporations in China not only meet local demand, but also face the global market.