Foreign funded enterprises are casting a vote of confidence in China's economy and business environment through practical actions. On the 8th, NVIDIA, a global manufacturer of chemical intermediates, polymers, and fibers headquartered in the United States, announced the official completion of its nylon 6,6 polymer production base expansion project located in the Shanghai Chemical Industry Park (SCIP). With a total investment of approximately 1.75 billion yuan borrowed, the annual production capacity of the production base will double to 400000 tons. We expect China to become the world's largest consumer of nylon in the coming years. At present, an annual output of 400000 tons can meet short-term demand, and there is still room for development in the future Kyle Redinger, Vice President of Nylon Upstream Business at NVIDIA Asia Pacific, said in an interview that day, "We have always placed the development of the Chinese market in an important position." Recently, foreign-funded enterprises have frequently increased capital and expanded production. The latest data released by the Chinese Ministry of Commerce shows that from January to June this year, there were 26870 newly established foreign-invested enterprises in China, a year-on-year increase of 14.2%. The 2024 Global Foreign Direct Investment Confidence Index report released by American management consulting firm Kearney shows that China's ranking has jumped from seventh place last year to third place, ranking first in the emerging markets special ranking. The confidence of foreign-funded enterprises in the Chinese economy continues to be reflected in their expansion of investment in Shanghai. On August 3rd, the Nippon Paint Asia Pacific R&D Innovation Center and Nippon Paint Magic Packaging Base laid the foundation in Pudong New Area, Shanghai, and the project is expected to be completed in 2026. At the ceremony, Xing Ronghua, Vice Chairman of Nippon Investment Co., Ltd. and Senior Vice President of Nippon China Supply Chain Management Headquarters, said, "The settlement of the project in Pudong made us deeply feel the superior investment service environment and enthusiasm of Pudong, which further strengthened Nippon's confidence and determination in China's development."