Daily Times

BEIJING: The Dow Chemical Co. says it will continue to make investment in China, eyeing business opportunities emerging from the country’s ongoing economic transformation.

“When I look at the market here, I see incredible growth opportunities across virtually every sector,” said Neil Hawkins, Dow’s chief sustainability officer and corporate vice president.

Despite facing downward pressure, China’s ambition in urbanization, new energy technology, infrastructure construction and green growth provide ample room for innovation companies, Hawkins said.

A staunch investor for the world’s second largest economy, Dow is expanding its business in China in an unprecedented pace, opening one new business center each year since 2012 and stretching to inland areas that many overseas companies barely notice. It currently boasts a 5,000-strong staff, and operates 10 business centers and 17 manufacturing sites across the country. The Shanghai Dow Center, Dow’s largest R&D center outside the U.S., gathers more than 700 scientists working in over 80 world-class laboratories.

Instead of targeting “easy money” like many foreign firms, Dow is digging for gold through innovation and technological cooperation.