China has become a major trading partner of more than 140 countries and regions, with the total volume of trade in goods ranking first in the world, attracting foreign capital and foreign investment ranking first in the world, forming a pattern of opening up to the outside world in a wider range, broader fields and at a deeper level. In July this year, the Xinbao Green Smart Home Appliance Industrial Park project with a total investment of 1 billion yuan was officially launched, and it is planned to build a high-end electrical appliances and motor electronics intelligent manufacturing base. In the past ten years, Xinbao's revenue has increased by 10 billion yuan, with a compound growth rate of more than 20% in the past three years. Over the past decade, more foreign trade enterprises have taken action in the transformation and upgrading from "Made in China" to "Smart Made in China", and new steps have been taken in the high-quality development of foreign trade. The status of a major trading country has been increasingly consolidated. Over the past decade, China's trade in goods has continued to expand and its trade in services has accelerated. In 2020, China's total trade in goods and services will reach 5.3 trillion US dollars, becoming the world's largest trading country. In 2021, the total volume of trade in goods and services will reach 6.9 trillion US dollars, continuing to rank first in the world. The trade structure was continuously optimized. In 2021, the proportion of emerging markets, central and western regions, private enterprises and general trade modes in exports will increase by 6.2, 5.9, 20.1 and 12.7 percentage points compared with 2012. The export of technology intensive products grew rapidly. In 2021, the export volume of mechanical and electrical products and high-tech products increased by 68.4% and 62.9% respectively compared with 2012. The trade in knowledge intensive services increased by 122.1% compared with 2012, and the trade deficit in services hit a 10-year low. The momentum of innovation accelerated. The import and export scale of cross-border e-commerce has increased nearly 10 times in five years, the export scale of market procurement trade has increased 7 times in seven years, and the integration of domestic and foreign trade has steadily improved. The five sessions of the Expo were successfully held, with a cumulative intended turnover of more than 300 billion dollars. A variety of high-quality consumer goods and advanced technology products were introduced, and efforts were made from both sides of supply and demand, which strongly promoted the benign interaction of the double cycle. A short time ago, Johnson&Johnson announced to invest 150 million yuan in Guangzhou Beixiu Biotechnology Co., Ltd., a wholly-owned subsidiary in China, to start the upgrading and expansion project. The overall production capacity is expected to increase by 140% after it is put into operation. "China is not only one of the fastest growing and most contributing markets in Johnson&Johnson's global business, but also a key strategic market for Johnson&Johnson to promote innovative development." Song Weiqun, Global Senior Vice President of Johnson&Johnson