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Think Tank

The next 'China' or China (People's Forum)

2023-11-24   

The Chinese government is committed to continuously improving the level of openness and comprehensively optimizing the business environment, which provides certainty for multinational enterprises. "" China has a large number of research and development talents, and we are committed to building an ecosystem of technological innovation based on the Chinese market. "" The investment environment here is constantly optimizing, and we choose to continue to develop together with the Chinese market. "... Since the beginning of this year, A group of well-known foreign enterprise executives have come to China to seek expansion of cooperation and continue to "cast a vote of trust" for the Chinese market with practical actions, once again demonstrating the strong "magnetic attraction" of China's development hotspot for foreign investment. The attractiveness of the Chinese market to foreign investment is deeply felt by multinational enterprises. In the third quarter of this year, the China Council for the Promotion of International Trade conducted research visits to 700 foreign-funded enterprises. 80% of the surveyed foreign-funded enterprises expect their profits to remain unchanged or increase this year, and nearly 90% expect their profits to remain unchanged or increase in the next five years. From January to October, there were 41947 newly established foreign-invested enterprises in China, a year-on-year increase of 32.1%. The actual investment in China by Canada, the United Kingdom, France, Switzerland, and the Netherlands increased by 110.3%, 94.6%, 90%, 66.1%, and 33% respectively. Many foreign companies consider investing in China as a "must have" option, and an open China continues to become a hot investment destination in the eyes of foreign companies. The action of increasing the size of the Chinese market stems from firm confidence in China's development prospects. Since the beginning of this year, against the backdrop of weak global economic recovery, an increase in unstable, uncertain, and unpredictable factors, and significant challenges faced by various economies, the Chinese economy has withstood pressure, stabilized its scale, and improved its quality. In the first three quarters, China's gross domestic product (GDP) grew by 5.2% year-on-year, ranking among the top among major economies in the world. In October, the resilience, vitality, and potential of the national economy continued to emerge. China remains the largest engine of global growth, and its contribution to global economic growth will reach one-third this year. The facts eloquently prove that the Chinese economy has strong resilience, ample potential, and broad room for maneuver, and the long-term positive fundamentals remain unchanged. The high-quality development of the Chinese economy injects strong positive energy into global economic growth, which will bring more market opportunities, growth opportunities, and cooperation opportunities. The confidence in investing in the Chinese market is closely related to China's increasingly open doors. The 6th China International Import Expo, held not long ago, has reached a new high in annual transactions, with a total amount of 78.41 billion US dollars, an increase of 6.7% compared to the previous one. With solid figures, it demonstrates to the world that "over 1.4 billion Chinese people moving towards modernization is a huge opportunity that China brings to the world". The third "the Belt and Road" International Cooperation Summit Forum has produced 458 achievements, and Chinese and foreign enterprises have reached a project cooperation agreement of US $97.2 billion. Whether it is the exhibition platforms such as the China International Fair, the Canton Fair, the China International Fair for Trade in Services and the China International Consumer Fair, or promoting the new development of the the Belt and Road with higher quality and higher level, it has constantly opened up new space for expanding opening up, strengthening cooperation, and promoting development and prosperity. "We will adhere to high-quality development, promote high-level opening up, and take Chinese path to modernization as the driving force

Edit:Luo yu Responsible editor:Wang er dong

Source:people.cn

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