Foreign companies watch the two sessions | "China's opportunities" are clearer and more confident in China's development

　　Chinanews.com, March 12th (Zhongxin Finance Gong Hongyu Wu Jiaju) The National Two Sessions are a window for the world to observe China and an opportunity to listen to China's voice.

　　"Greater efforts to attract and utilize foreign capital, expand market access, implement national treatment for foreign-funded enterprises, and steadily expand institutional opening up"... The 2023 Chinese government work report released a signal that is good for foreign capital, and many executives of foreign companies also said, Seeing the confidence that China's development has conveyed to the world, the "China opportunity" is becoming clearer.

Video: Government Work Report 丨 This year's GDP growth target is around 5%

China's economic growth target gives foreign companies "reassurance"

　　The stable development of China's economy is the cornerstone of foreign companies' confidence in investing in China.

In 2023, China has proposed an expected target of GDP growth of around 5%.

　　"Overall, I think China's GDP growth target of around 5% is very prudent and realistic." Dai Pu, co-president of Roland Berger's global management committee, told Sinonews Finance and Economics that in the medium and long term, especially Under the macroeconomic situation where the global economy continues to slow down, China's GDP growth target of around 5% is still higher than that of many global markets. China's economic recovery can provide support for multinational companies to balance their global business development.

　　Dai Pu mentioned, "With the introduction of more supportive policies by the Chinese government and the strong fundamentals of the Chinese economy, we believe that the Chinese market will gradually recover and remain attractive to foreign capital."

　　Ma Jun, Global Senior Vice President of Volvo Group and President of Volvo (China) Investment Co., Ltd., told Sinonews Finance and Economics that from the perspective of "domestic demand drive", China's economy is currently recovering rapidly, and the Chinese government is continuously introducing various measures. Jointly promote the release of consumption potential from both ends of supply and demand.

This will help to rapidly increase economic activity, continuously improve the economic structure, and promote the overall improvement of economic operation.

　　Yang Baoyan, President of Taipei Siqi Asia Pacific and President and CEO of Coach China also mentioned that we deeply feel that with the introduction of various policies to boost the economy and promote consumption, the Chinese economy is recovering rapidly, and consumer confidence and The vitality is constantly improving.

China's Ministry of Commerce designated this year as the "Consumption Boost Year", which is more like a "reassuring pill" for enterprises.

Lujiazui, Shanghai (data map) Photo by Zhu Quanchun

China's opening up is clear, giving foreign companies "more confidence" in their development in China

　　"In the past few years, the epidemic has brought certain difficulties to the economic activities of many companies, which has also triggered discussions on China's positioning in the global market and its impact on new investment decisions." Dai Pu said.

　　Before the two sessions of the country, how can China further open up to the outside world?

What are the foreign investment-related policies?

Many topics have attracted special attention from the international community.

　　"Greater efforts to attract and utilize foreign capital. Expand market access and increase opening up of the modern service industry. Implement national treatment for foreign-funded enterprises. Actively promote access to high-standard economic and trade agreements such as the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP), Actively compare relevant rules, regulations, management, and standards, and steadily expand institutional opening. Continue to play the role of import and export in supporting the economy." The Chinese government work report is so clear.

　　"From the perspective of attracting foreign investment, the Chinese government work report clarifies that China will adopt a more active and pragmatic attitude, promote the implementation of landmark projects, and steadily expand institutional opening-up. The Volvo Group expects and believes that China will continue to improve its compliance with international standards and regulations. The level of compatibility, continuous improvement of policy stability and transparency, higher quality and deeper opening to the outside world will further enhance the confidence of foreign-funded enterprises to develop in China." Ma Jun said.

　　Lu Jian, Global Vice President of LinkedIn and President of LinkedIn China, also told Zhongxin Finance and Economics that China's continuous promotion of a higher level of institutional opening-up will provide a more friendly and inclusive environment for more foreign-funded enterprises such as LinkedIn, and serve China The development and growth of global enterprises brings more comprehensive support, including broader global vision sharing, better global resource coordination, and more global opportunity connections.

Video: [Multinational Enterprises in China] Why do multinational enterprises choose China?

Green transformation, digital economy... let foreign companies see "new opportunities"

　　In addition to policies directly related to foreign investment, green transformation, digital economy and other topics and keywords related to the two sessions of the country also allow foreign companies to see broad opportunities for future development in China.

　　The work report of the Chinese government clarified in this year's work priorities to promote the green transformation of the development model.

Improve policies to support green development, develop a circular economy, promote resource conservation and intensive utilization, promote energy conservation and carbon reduction in key areas, and continue to fight the battle to defend blue skies, clear water, and pure land.

　　"Volvo Group's sustainable strategy is highly consistent with China's current demand for promoting green development." Ma Jun said that Volvo will continue to expand its investment in China in the future and continue to bring safer, more efficient and sustainable logistics and services to the Chinese market. Infrastructure solutions help China's economic recovery and growth, and accelerate the green transformation of transportation.

　　Budweiser Global CEO Deng Mingxiao said in an interview with the media that Budweiser actively responded to China's green development concept, launched relevant sustainable development measures, and established its world's first "carbon-neutral" brewery in China.

"We will continue to work towards the Sustainable Development Goals," he said.

　　In Lu Jian's view, digital talents are the "first resource" for the development of the digital economy and a key factor affecting the digital economy.

As a multinational Internet company, LinkedIn will further integrate the needs of China's localization. By mastering the distribution of talents with specific skills, it will help companies expand their talent pool and find and recruit high-quality talents in a targeted manner.

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