2024-08-28 12:05:22
Xinhua News Agency, Qingdao, August 28Topic: Deeply explore the Chinese market to create a better future – Looking at China’s expansion of opening up from the Qingdao Summit of Multinational Enterprise Leaders
Xinhua News Agency reporters Wang Kai, Chen Guofeng, Yuan Min
The fifth Qingdao Summit of Multinational Company Leaders, co-sponsored by Shandong Province and the Ministry of Commerce, opened on the 28th in Qingdao, Shandong. Many heads of multinational companies said that the hosting of the summit was an important manifestation of China’s gradual expansion of high-level opening up to the outside world, giving them more confidence to cultivate the Chinese market in the long term and looking forward to working with China to create a better future.
Alstom is one of the world’s important rail transportation equipment manufacturers and has been deeply involved in the Chinese market for more than 60 years. “Using the summit as a platform, multinational companies can have an in-depth understanding of China’s market dynamics, policy directions and development trends, which helps them better seize opportunities and optimize their strategic layout in China.” said Geng Ming, President of Alstom China.
Alstom looks forward to exploring more cooperation opportunities in China’s rail transportation field, especially in the fields of green, smart transportation and sustainable development, and will further join hands with Chinese partners to actively promote the high-quality development of China’s rail transportation industry.
The picture shows the opening ceremony of the fifth Qingdao Summit of Multinational Enterprise Leaders. Photo by Xinhua News Agency reporter Li Ziheng
It is understood that this summit is characterized by large scale, high level, and new fields. More than 500 guests from more than 450 multinational companies gathered at the summit. The number of global CEOs participating in the summit was the highest ever, and participating companies involved new technologies. First-generation information technology, biomedicine, new energy, high-end equipment and other industries.
Li Yongqi, Deputy Representative for International Trade Negotiations of the Ministry of Commerce, said that the summit is a concrete measure to attract and utilize foreign investment with greater efforts. It will further deepen the summit’s function of gathering business and intelligence, increasing quality and efficiency, and amplify the summit’s role as a high-level platform for major international exchanges and cooperation. , allowing multinational companies to discover more opportunities in open exchanges and work together for win-win results in pragmatic cooperation.
Many heads of multinational companies attending the meeting believe that the summit is continuing to play a role as a bridge to expand high-level opening up to the outside world and has become an important platform for multinational companies to understand China, invest in China, and deepen their cultivation in China.
As a business information service company with a history of more than 180 years, Dun & Bradstreet’s business scope covers more than 200 countries and regions around the world, and has been deeply involved in the Chinese market for more than 40 years. Wu Guangyu, President of Dun & Bradstreet China, attaches great importance to this summit: “We hope to use the summit to expand our circle of friends, connect more customers, and connect more ecosystem partners.”
Wu Guangyu believes that China’s innovation environment is very good, its talent supply is very sufficient, and its innovation speed and efficiency lead the world. Dun & Bradstreet is exploring the combination of global data elements and Chinese local application scenarios to help Chinese customers digitally transform and achieve their own high-quality development.
The heads of interviewed multinational companies said that China’s economy is highly resilient and China’s high-quality development has brought new market space and investment opportunities to multinational companies. Multinational companies are still optimistic about the Chinese market and are willing to work side by side with China to make the cooperation pie bigger.
The picture shows the opening ceremony of the fifth Qingdao Summit of Multinational Enterprise Leaders. Photo by Xinhua News Agency reporter Li Ziheng
At this summit, the report “Multinational Corporations in China: Sharing New Opportunities for “Chinese-Style Modernization”” released by the Institute of International Trade and Economic Cooperation of the Ministry of Commerce showed that investment income of multinational corporations in China is the main contributor to their performance. For example, the “2024 China Business Environment Survey Report” released by the American Chamber of Commerce in China shows that the Chinese market is of great significance to American companies in China, with half of its member companies ranking it as the top three investment destinations in the world, an increase of 5% compared with 2022. percentage points.
According to Zhai Jingli, Vice President of Sinar Mas Group APP (China), China’s proposal to accelerate a comprehensive green transformation demonstrates China’s responsibility as a responsible major country and charts a green path for promoting Chinese-style modernization. This is highly consistent with their corporate development philosophy.
Sinar Mas Group APP entered China in 1992 and deeply engaged in China’s pulp and paper industry. Zhai Jingli said that the company is committed to developing industries with high “gold content”, “green content” and “new content”, and is actively strengthening corresponding technological innovation and industrial layout. In the future, we will use a more forward-looking, strategic and overall investment layout to promote industrial upgrading in China, and continue to pass on a sustainable green lifestyle to consumers and lead consumer trends.
Data from the Ministry of Commerce show that in 2023, 5,3,766 new foreign-invested enterprises were established across the country, an increase of 39.7% over the same period last year. From January to July this year, 31,654 new foreign-invested enterprises were established across the country, an annual increase of 11.4%.
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