Recently, large-scale equipment updates and the policy of exchanging old for new consumer goods, commonly known as the "two new" policy, have received widespread attention from all sectors of society. As an important component of the Chinese market, how do foreign-funded enterprises view the new opportunities brought by the country's new policies? When the reporter came to the European Union Chamber of Commerce in China, the person in charge told the reporter that nearly half of the Chamber's more than 1700 corporate members are following up on the implementation of the "two new" policies. He stated that many European companies have started researching how to meet the conditions and actively participate in equipment updates; Many automobile and home appliance companies have also begun to see the driving effect brought by the trade in of consumer goods. Yan Ci, President of the European Union Chamber of Commerce in China: We strongly encourage our corporate members to understand and study these policies to see if they are eligible to enjoy the benefits. Because we also see that competition is fierce here. So foreign-funded enterprises need to invest, stand at the forefront of technology, and bring the best products to China. In some cases, product development is conducted here for the Chinese market. Many executives of foreign-funded enterprises told reporters that they have established specialized teams to carry out work, actively communicate with customers, understand their needs, conduct inventory of installed equipment, and based on this, carry out equipment update plans and technological upgrades. Recently, the Ministry of Commerce held a roundtable discussion on the interpretation of large-scale equipment updates and the policy of exchanging old for new consumer goods for foreign-funded enterprises. Relevant departments such as the National Development and Reform Commission and the Ministry of Commerce have stated that they will provide a fair competitive environment for foreign-funded enterprises to participate in large-scale equipment upgrades, government procurement, and investment. Behind the deep cultivation: China is both a large market and a new track. Foreign funded enterprises are closely monitoring new opportunities for China's development while also innovating and developing their business in China. During the interview, the reporter found that foreign "old" enterprises that have been deeply rooted in China for many years are also following the trend of China's economic development, moving towards the "new" and radiating new vitality. This year marks the 35th anniversary of this French funded enterprise's entry into the mainland Chinese market. At an event themed "35th Anniversary", the reporter discovered the key word behind this foreign-funded enterprise's deep cultivation in China - "innovation". Over the past 35 years, this French funded enterprise has expanded its business scale in China from small to large, opening five factories and a research and development center in Shanghai and Shenyang, extending its business from manufacturing to services. Ye Fei, President and CEO of Michelin Greater China: Many foreign companies have a new definition of China, which is that China is not only your production and export base, but also your consumer base, and at the same time, your "gym", because it will allow you to constantly "exercise" in a favorable environment with competitors, allowing you to better know where you are good and where you are bad, and then improve your own innovation ability. In turn, these innovations may affect your global layout. In China, this company's traditional manufacturing factory is gradually upgrading to a future factory. At present, the Shanghai factory is constructing the second phase, which is characterized by flexibility, green and intelligence, and will be officially completed in 2026. In Shenyang, companies are promoting the transformation and upgrading of their factories, with the goal of building the world's first "carbon neutral" production base by 2028. For investing in China, this foreign-funded enterprise has recently made new moves. Not only in the field of tire manufacturing, enterprises have begun to focus on high-tech materials, and four newly established subsidiaries have already landed in China. Since the beginning of this year, the number of newly established foreign-funded enterprises in China has become a highlight in attracting investment, directly reflecting the confidence of foreign investment. From January to June this year, nearly 27000 foreign-invested enterprises were newly established nationwide, a year-on-year increase of 14.2%. The rapidly changing Chinese market is constantly giving rise to new investment hotspots and business opportunities. Under the new normal of the global economy, foreign investment is flowing into China in a different way and with a different logic of thinking. Continuously increasing investment in China's innovation and industrial chains has become a common choice for many foreign-funded enterprises. The production base of French BioMerieux Group in Suzhou High tech Zone, Jiangsu Province, has just been put into use. Next to the base, a new factory area with an investment of 400 million yuan for the production and research and development of immunoassay products is also about to be built, and this business is achieved through the acquisition of a domestic enterprise. Zhang Fuhai, Senior Director of BioMerieux Greater China Factory in France: This is also another investment model for us. We can leverage the advantages of local enterprises, not only in certain product areas, including patents and research and development, but also to fill some of the gaps in this field domestically. In recent years, China has continuously encouraged foreign investment in advanced manufacturing and high-end service industries, and the investment structure has shifted towards high-end development; More and more foreign-invested enterprises are leveraging their advantages and expanding their presence in the upstream and downstream of the industrial chain to better integrate into the Chinese market. Iconic projects such as Toyota's fuel cell research and production project in Japan, Tesla's Shanghai energy storage super factory in the United States, Bosch's new energy vehicle project in Germany, and Danfoss Group's Haiyan Second Park project in Denmark have all landed, focusing on new technology hotspots such as new energy vehicles, power batteries, and energy conservation and environmental protection. More and more foreign investment is accelerating its layout in the field of new quality productivity, promoting further optimization of China's utilization of foreign investment structure. In the first half of this year, the actual use of foreign investment in China's high-tech manufacturing industry was 63.75 billion yuan, accounting for 12.8% of the country's actual use of foreign investment, an increase of 2.4 percentage points compared to the same period last year; The medical equipment and instrument manufacturing industry saw a year-on-year growth of 87.5%; At the same time, the professional technical service industry characterized by research and development centers grew by 43.4% year-on-year. Yuan Qian, Associate Researcher at the Institute of Foreign Economics of the Chinese Academy of Macroeconomics: Encouraging and attracting foreign investment and foreign-funded enterprises to actively participate in innovation and industrial chains can bring capital and technological advantages to the development of industries in various regions of China. At present, there is still a huge space for China to utilize foreign investment. Steadily expanding institutional opening up, further relaxing market access, effectively safeguarding the national treatment and legitimate rights and interests of foreign-funded enterprises, and continuously optimizing the structure of foreign investment are the directions for policy strengthening in the next stage. The reporter recently learned from the National Development and Reform Commission that the National Development and Reform Commission, together with relevant departments, has launched the revision of the Catalogue of Industries Encouraging Foreign Investment. The manufacturing industry will continue to be the key direction for encouraging foreign investment, while promoting the integrated development of the service industry and manufacturing industry, and increasing support for advanced manufacturing, modern service industry, high-tech, energy conservation and environmental protection and other fields. (New Society)