"Here are future opportunities that cannot be missed" - The voice of multinational enterprises investing in China

2023-03-29

Foreign capital is a vivid window to observe the attraction of a country's economy to the external world. "There are future opportunities that cannot be missed", "The Chinese market is very important to us", "Chinese path to modernization is also a global opportunity", "Cooperation to create a win-win situation"... Since the beginning of the year, many heads of multinational enterprises have visited China intensively, and have been active in China's major economic and trade forums, factory parks, reflecting the confidence to deeply cultivate the Chinese market, and cast a "vote of confidence" in the Chinese market with practical actions. "The Chinese market is very important to us!" From March 25th to 27th, the 2023 annual meeting of the China Development Forum with the theme of "Economic Recovery: Opportunities and Cooperation" was held at the Diaoyutai State Guesthouse in Beijing. "It's great to be together with old and new friends again!" This is the opening speech of Ray Dalio, founder of Bridgewater Fund of the United States, and also represents the aspirations of many foreign guests at the annual meeting. After three years of speaking, shaking hands, and chatting, the China Development High Level Forum resumed offline for the first time, attracting many well-known experts, scholars, entrepreneurs, government officials, and representatives of international organizations at home and abroad. The main venue, which can accommodate thousands of people, is full, and the sub venues even queue up because they are full. The heat of the annual forum atmosphere reflects the warmth of China's economic recovery. "There are future opportunities that cannot be missed here, and the Chinese market is very important to us!" said Ling Ruide, Chairman of the Board of Directors and CEO of Holly's Group. This trip to China has been arranged in a tight schedule. After attending the annual meeting of the Forum in Beijing, we will rush to Shanghai for face-to-face communication with local governments, company colleagues, business partners, and others. Since the beginning of the year, the construction project of Holly's new high-purity quartz product factory located in Shenyang, Liaoning Province has been advancing at full speed, striving to be put into operation in June 2024. At the same time, nearly ten investment projects, including electric vehicle materials and precious metal recycling, are being fully implemented throughout China. How important is the Chinese market? "China's recovery has very strong momentum." IMF President Georgieva Georgieva pointed out at the annual meeting that the contribution of China's economy to the world economy will reach 1/3, or even exceed 1/3, in 2023. The analysis shows that every 1% increase in China's GDP will promote 0.3% economic growth in Asian countries. The steadily growing Chinese market remains a hot spot for attracting foreign investment. President and CEO of P&G Zhan Muren, Chairman and CEO of Corning Incorporated Wei Wende, Chairman and CEO of Pfizer Eberler, President and CEO of Qualcomm Anmeng, CEO of Apple Cook... Recently, executives from multinational companies have embarked on business exchanges and business trips aimed at China to seize the opportunities brought by China's economic development. "Market growth creates new consumption, which is crucial for P&G's growth." Zhan Muren reviewed the trajectory of the development and growth of enterprise brand products in China, and introduced the innovative use of recyclable materials for new products to adapt to the rapid development of e-commerce in China. "Let the vibrant Chinese market provide development opportunities for enterprises from all countries." Minister of Commerce Wang Wentao said that the Chinese market is a rapidly growing market, an open market, and a shared market

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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