What signal is the minister's intensive meeting with senior executives of foreign companies?

China News Network, March 3 (Reporter Li Jinlei) These days, senior executives of foreign companies have come to China one after another, and many Chinese ministers have met with them, including the minister of commerce, who met with more than a dozen senior executives in four days. What signal is released?

On March 3, Minister of Commerce Wang Wentao met with Schneider, CEO of Nestlé Group. From the Ministry of Commerce website

The minister met intensively with senior executives of foreign companies

According to the Ministry of Commerce's website, on March 3, 23, 24 and 26, Commerce Minister Wang Wentao met with more than a dozen senior executives of foreign companies in four days.

These executives are Apple CEO Cook, Procter & Gamble Chairman, President and CEO Jen Jane, Corning Chairman and CEO Weeks Weeks, Pfizer Chairman and CEO Ebernaut, Kering Chairman and CEO Pinault, Qualcomm President and CEO An Mon, Mercedes-Benz Group Chairman Kang Linsong, BMW Group Chairman Zipzer, Nestlé Group CEO Schneider, Esquel Chairman Yang Minde, Minglun Sze, Chief Executive Officer of Swire Pacific Group.

In addition to the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the China Banking and Insurance Regulatory Commission, the State Administration for Market Regulation, the State-owned Assets Supervision and Administration Commission of the State Council and other departments announced that the main responsible persons met with senior executives of foreign companies.

On March 3, Jin Zhuanglong, Secretary of the Party Group and Minister of the Ministry of Industry and Information Technology, attended the 27 Annual Meeting of the China Development High-level Forum and met with representatives of some foreign-funded enterprises. From the website of the Ministry of Industry and Information Technology

On March 3, Jin Zhuanglong, Secretary of the Party Group and Minister of the Ministry of Industry and Information Technology, attended the 27 Annual Conference of the China Development High-level Forum, during which Jin Zhuanglong met with the heads of BMW, Bosch, Broadcom, Corning, Mercedes-Benz, Pfizer, Schneider Electric, Siemens and other multinational enterprises.

On the morning of March 3, Zheng Zhajie, Director of the National Development and Reform Commission, met with Boleren, Chairman, President and CEO of Siemens AG and Chairman of the German Economic Asia-Pacific Commission. From the website of the National Development and Reform Commission

On March 3, Zheng Zhajie, Director of the National Development and Reform Commission, met with Boleren, Chairman, President and CEO of Siemens AG and Chairman of the German Economic Asia Pacific Commission.

On 3 March, Zhang Yuzhuo, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission of the State Council, met with Temasek Executive Director and Chief Executive Officer Dilhan at the SASAC. From the SASAC website

On 3 March, Zhang Yuzhuo, Secretary of the Party Committee and Director of the State-owned Assets Supervision and Administration Commission of the State Council, met with Temasek Executive Director and Chief Executive Officer Dilhan at the SASAC.

On March 3, Guo Shuqing, Secretary of the People's Bank of China Party Committee and Chairman of the China Banking and Insurance Regulatory Commission, met with the Chief Executive Officer of HSBC Holdings Group Praying Yao Nian. From the CBIRC website

On March 3, Guo Shuqing, Party Secretary of People's Bank of China and Chairman of the China Banking and Insurance Regulatory Commission, met with Noel Quinn, Chief Executive of HSBC Holdings Group, and his entourage.

On March 3, Rowen, director of the State Administration for Market Regulation, met with Zhan Muren, global chairman, president and CEO of Procter & Gamble.

What was discussed?

Openness and cooperation are the key words

Judging from the content of the meeting, openness and cooperation are the key words, and many departments have expressed their welcome for foreign-funded enterprises to continue to invest and take root in China.

Wang Wentao has said many times that opening up to the outside world is China's basic national policy, and China will unswervingly promote high-level opening up and is willing to provide a good environment and services for the development of enterprises from all over the world in China. Welcome and support foreign-funded enterprises to invest in China and take root in China. Share the dividends of China's huge market and open development with enterprises from all over the world.

During the meeting with Apple CEO Cook, Wang Wentao introduced the main characteristics and connotations of Chinese-style modernization, emphasizing that China will unswervingly promote high-level opening up, steadily promote the opening up of rules, regulations, management, standards and other systems, and is willing to provide a good environment and services for foreign-funded enterprises including Apple.

Jin Zhuanglong said that China will fully implement the policy of high-level opening up of the manufacturing industry, create a market-oriented, rule-of-law and international business environment, and provide services and guarantees for Chinese and foreign enterprises to develop advanced manufacturing. We welcome foreign-funded enterprises to expand investment in China, deepen cooperation in industrial chain and supply chain, and share China's development opportunities.

Zheng Zhajie said that China's development has embarked on a new journey of building a modern socialist country in an all-round way, and is accelerating the construction of a new development pattern and focusing on promoting high-quality development, which will provide broad cooperation space and valuable development opportunities for domestic and foreign investors. We are willing to maintain close exchanges with the German and European business circles represented by Siemens, strengthen mutually beneficial cooperation between the two sides, and create more cooperation highlights. China vigorously promotes the construction of digital China, and hopes that Siemens will strengthen cooperation with Chinese enterprises and play an active role in promoting the overall cooperation between the two countries.

Guo Shuqing said that HSBC is welcome to expand investment in China, and China's financial industry will continue to promote high-level opening up and further deepen international economic and financial cooperation.

Rowan said that the State Administration for Market Regulation will continue to strive to create a market-oriented, rule-of-law and international business environment, provide better services for foreign-funded enterprises, and encourage Procter & Gamble to continue to invest and develop in China.

Mr Cheung said that the SASAC supports central enterprises to deepen pragmatic cooperation with Temasek in areas such as technological innovation, talent development and international market expansion in accordance with the principles of marketization and rule of law, so as to achieve mutual benefit and win-win results and jointly achieve high-quality development.

What signal?

Highlighting China's strong "magnetic attraction" to foreign investment

On February 2, MOFCOM spokesperson Shu Hengting said at a press conference that dozens of multinational company headquarters and MOFCOM have made arrangements for business visits to China in the near future. This fully demonstrates the positive willingness of foreign-funded enterprises to deploy the Chinese market, reflects the confidence in China's development prospects, and once again demonstrates China's strong "magnetic attraction" of foreign investment.

Judging from the statements of senior executives of foreign companies, the visit to China has strengthened their confidence in increasing investment in China.

Siemens attaches great importance to cooperation with China, will further work with Chinese partners to build an industrial digital ecosystem, and is willing to continue to contribute to promoting Sino-German cooperation and exchanges.

Temasek firmly believes that China's economic development prospects and great potential for technological innovation are strong, and hopes to further increase all-round cooperation with central enterprises, share experience and practices in promoting enterprise transformation and upgrading, and increase cooperation in life sciences, green economy, future new consumption and other fields to achieve mutual benefit and win-win results.

Data show that in the past three years, China's actual utilization of foreign capital has increased from US$2020.1444 billion in 2022 to US$1890 billion in <>. (End)

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