Sarath Prasannan, senior vice-president, head of Asia Pacific region of Everllence
Editor's note: Ahead of the release of China's first-half 2026 economic data, China Daily invited chief executives and senior leaders from key multinational companies to share their perspectives on the world's second-largest economy. Their insights go beyond short-term growth, offering a closer look at the evolving "China Opportunity 2.0" narrative amid ongoing debate over the so-called "China Shock 2.0".
Q1 Many multinational companies in recent years continue to expand their investment and operations in China, suggesting that "China Opportunity 2.0" is increasingly offsetting the "China Shock 2.0" narrative. What developments or evidence best demonstrate that China is creating new opportunities for global businesses rather than posing a "shock"?
PRASANNAN: From Everllence's perspective, China is a key market for green innovation, industrial-chain collaboration and the global delivery of net-zero solutions. Across the industry, China's policy direction, continued opening-up, vast maritime and industrial demand, mature manufacturing base and deepening partnership with licensees and industry players are sending strong positive signals. We have long shared these opportunities with our Chinese partners, and we are advancing a more efficient, lower-carbon and sustainable future. Despite the delayed IMO Net-Zero Framework review and the decline in dual-fuel engine orders, China's 15th Five-Year Plan (2026-30) offers rare policy certainty. Joint milestones include CMD's record-setting methanol engine and our 2,000th dual-fuel engine order with COSCO Shipping Lines.
