[Explanation] In 2022, China's absorption of foreign capital will continue to maintain a steady growth, and the actual use of foreign capital in RMB will exceed 1.2 trillion yuan for the first time, and the scale of foreign investment will remain at the forefront of the world.
Why are foreign companies willing to continue investing in China?
Executives from multinational corporations said this at the recent "New Era, New Opportunities - Multinational Corporations in China" event.
[Explanation] They said they chose China because the Chinese economy has a strong endogenous driving force.
[Concurrent] Song Weiqun, Global Senior Vice President and China Chairman of Johnson & Johnson
China's economy is large and its growth momentum is strong.
China's entire industrial system is very complete, and our own economy has great potential for endogenous growth.
So we have also established high-end production bases, end-to-end R&D centers and Johnson & Johnson Shanghai incubators in Xi'an, Suzhou, Shanghai, Guangzhou and some cities and provinces in the past.
[Explanation] They said they chose China because China is one of the most important markets in the world.
[Concurrent] Chen Jie, General Manager of Shanghai Legoland Co., Ltd.
Since 2018, Merlin Group has used Legoland as the main promotional IP, and then it is located in Shenzhen, Shanghai and Sichuan respectively, and three Legolands are stepping up construction.
As far as the theme park industry is concerned, China is already the second largest theme park market in the world, and as the middle class in China continues to grow, the development of our theme park industry is an inevitable trend.
[Explanation] They said they chose China because the business environment here made them feel at ease.
[Concurrent] Pan Zhengqiang, Chairman of the Board of Directors of AT&S China
In fact, I have always been moved by some measures and changes in Shanghai. (I) participated in a conference on optimizing the business environment in Minhang (district). In the conference that day, I saw many departments and bureaus. Go to Taiwan (Taiwan) to explain the major breakthroughs in the past six months and which aspects can serve enterprises better. So what I should say is that what we saw in Shanghai is that the government is very good at serving enterprises and helping the entire industry. Work hard and spend a lot of energy.
[Explanation] They said they chose China because the Chinese government gave them strong support in policy.
[Concurrent] President of L'Oreal North Asia and CEO of China Fabri
We have felt strong support from the Shanghai government and relevant institutions.
The headquarters of L'Oreal North Asia is located in Jing'an District, Shanghai. We have maintained very close cooperation with the district government here. The government has given us a lot of support at the policy level, so that we can bring more innovations to the market.
Take one of our personalized skin care services as an example. We demonstrated this service at the CIIE a few years ago. Now I am very happy that in the pilot project in Pudong, our related services and products will usher in the market. .
This shows that Shanghai has a bright future in terms of innovation and responsible consumption, as well as strong economic growth.
[Explanation] They said they chose China because it has a large number of scientific and technological innovation talents.
[Concurrent] Zeng Xiwen, Vice President of Unilever Greater China
Why we set up a R&D center here is because Shanghai (has) talents.
R&D centers and management headquarters need talents, and Shanghai can also attract talents. Shanghai has always been a (city) where talents flow in, including our R&D center. Many Chinese people go abroad to study, work in foreign research units, and then return to China here.
[Explanation] They said they chose China because "China's speed" has amazed the world.
[Concurrent] Medtronic Global Senior Vice President and Greater China President Gu Yushao
Lingang is a project that we officially launched in November last year. It took less than a year from the signing to the start. Our colleagues in the global headquarters have witnessed the "Shanghai Speed" and "Lingang Speed".
We expect that the Lingang project can exceed our expectations in the future, and it can be produced before 2024, and then (the product) can be launched before 2026 to serve our local patients.
[Explanation] They said they chose China because China is increasingly becoming an innovation engine.
[Concurrent] Porsche China President and CEO Kosmer
China is not just a sales market, China is an innovation powerhouse that has a decisive influence on the global economy.
Since entering the Chinese market, we have grown together with the Chinese auto industry.
We really admire the determination of China's auto industry to move towards electrification, intelligence and shared mobility.
Zhou Sunyu
Responsible editor: [Li Ji]