New productive forces, new consumption, new energy system, new infrastructure... In this year's government work report, the word "new" has attracted attention from both domestic and foreign countries. From the new goals and tasks set by the Chinese government in 2024, to the new blueprint and new outlook for the future of the Chinese economy, foreign enterprises in China have captured more business opportunities from the voices of the Two Sessions. Several executives from foreign companies stated in an interview with China News Service that they must seize new opportunities and accelerate their layout in China. Currently, China's digital economy is developing rapidly with the new development of the digital economy. The China Academy of Information and Communications Technology predicts that by 2025, the scale of China's digital economy will exceed 60 trillion yuan. As one of the key points to accelerate the development of "new quality productive forces", "deepening the innovation and development of the digital economy" has received considerable attention in this year's government work report. The report also proposes a series of specific deployments, including actively promoting digital industrialization, industrial digitization, and carrying out "artificial intelligence+" actions. "China has the advantage of being a latecomer in developing the digital economy and the potential for economies of scale," said Jin Li, a member of the National Committee of the Chinese People's Political Consultative Conference and Vice President of Southern University of Science and Technology, in an interview with China News Network. For foreign enterprises, the new opportunities brought by the development of China's digital economy are already clear. Huang Zhiming, Global Vice President and CEO of Greater China at Cisco, stated that Cisco sincerely agrees with the Chinese government's decisions and investments in the "Artificial Intelligence+" initiative, the digital transformation of manufacturing, and digital infrastructure. Wang Qian, General Manager of LinkedIn China, also mentioned that the booming development of China's digital economy and Internet industry means great opportunities for LinkedIn. Seizing new opportunities in the digital economy, foreign enterprises are actively laying out relevant tracks. Wang Qian mentioned that LinkedIn is deepening the research and application of big data and artificial intelligence technology. In the future, it will continue to increase investment in China and participate in China's "Artificial Intelligence+" initiative to provide more intelligent and convenient services for enterprises and talents. Huang Zhiming also stated that Cisco will promote in-depth cooperation with various sectors in China, actively promote the application and practice of innovative technologies, and grow together with China's digital economy. In this year's government work report, the biopharmaceutical industry has been mentioned multiple times. Especially when the term "innovative drugs" is first included in the report, it highlights China's high importance placed on innovation in the pharmaceutical industry. In this context, the biopharmaceutical industry starting from a "new" perspective will not only further promote innovative breakthroughs in the medical and health industry, but also bring good news to the enterprises involved. Many multinational companies expressed great anticipation and encouragement in interviews with China News Service. Song Weiqun, Senior Vice President of Johnson&Johnson Global and Chairman of China, stated that China fully leverages its leading role in innovation, drives industrial innovation through technological innovation, accelerates the development of medical technology products and innovative drugs, actively creates new growth engines such as biological manufacturing and life sciences, and creates huge opportunities for medical and health enterprises to play a role. Feng Shihan, President of Thermo Fisher China, also mentioned that the government work report has shown companies the good market potential and development prospects of the biopharmaceutical industry. At the same time, more importantly, the stimulation of new potential of China's biomedicine has made foreign enterprises more confident in taking root in China's local innovation. Feng Shihan emphasized that in the future, Thermo Fisher will invest globally
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