Promoting Foreign Investment and the Chinese Market in a Bidirectional Way

2024-04-02

Recently, the two-day China Development Forum 2024 Annual Meeting came to an end, with over 110 guests from Fortune Global 500 companies, global business communities, and international organizations gathered to discuss "China's Sustainable Development". The meeting conveyed a series of positive signals of expanding opening up, making the world full of confidence in the Chinese economy. While busy discussing cooperation, opening new stores, and sharing plans in Beijing, corporate executives have personally felt that China is in a "new era of high-quality growth" and are convinced that "investing in China is investing in the future.". Looking at the world today, the momentum of economic recovery is unstable, with weak growth in major economies and intensified geopolitical conflicts. Against the backdrop of an increase in uncertain and unpredictable factors, global cross-border investment is sluggish and the tide of anti globalization is surging. However, the desire of humanity to pursue peaceful development has not changed, the fact of deep economic integration among countries has not changed, and the opportunities brought by the new round of technological revolution and industrial revolution are unprecedented. China's sustained expansion of high-level opening-up to the outside world has a strong material and technological foundation. China not only has the demand advantage of a super large-scale market, the supply advantage of a complete industrial system, but also the talent advantage of a large number of high-quality workers and entrepreneurs. With the goal of actively cultivating and developing new productive forces, China is committed to the high-end, intelligent, and green development of its industrial system, transforming and upgrading traditional industries, accelerating the development of emerging industries, and forward-looking layout of future industries. It vigorously promotes new infrastructure such as big data, cloud computing, and artificial intelligence. The R&D investment and high-tech industry investment of the whole society have maintained double-digit growth for many consecutive years. Chinese technology enterprises have achieved remarkable achievements in product innovation and model innovation, and have promoted the pilot work of cross-border free flow reform of scientific research materials in six cities including Guangzhou and Chongqing. A number of major industrial innovation achievements have reached the international advanced level. These are the confidence of foreign-funded enterprises to continue investing in China and operating in China for the long term. Foreign funded enterprises are an indispensable and important component of the smooth "dual circulation". Allowing foreign funded enterprises to share the dividends of the Chinese market can help reduce international trade frictions and also help Chinese multinational enterprises grow and gain development initiative in international competition. Attracting and utilizing foreign investment through institutional openness is a summary of China's practical experience in the operation and development of international trade since joining the World Trade Organization. The good experience and methods formed by the pilot program are also being promoted and popularized nationwide, which will create more and better business opportunities for foreign-funded enterprises to invest and develop in China and carry out research and development activities. In recent years, China has continuously built the "Invest in China" brand by expanding and deepening reform pilot projects, actively connecting with international high standard economic and trade rules, and steadily expanding institutional openness in terms of rules, regulations, management, and standards. In June 2023,

Edit:GuoGuo    Responsible editor:FangZhiYou

Source:gmw.cn

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