[Explanation] The theme promotional activity of "New Era, New Opportunities - Multinational Enterprises in China" continues in Shanghai.
On the 20th, media reporters visited the headquarters of Johnson & Johnson, a well-known multinational company, and had a dialogue with Song Weiqun, Global Senior Vice President and Chairman of China Region of Johnson & Johnson.
[Explanation] In 1985, Johnson & Johnson entered China and was one of the first multinational companies to enter the Chinese market since the reform and opening up.
Song Weiqun, Senior Vice President of Johnson & Johnson and Chairman of the China Region, introduced that China is not only one of the fastest growing markets for Johnson & Johnson's global business, but also an innovative strategic market for Johnson & Johnson.
In 2019, Johnson & Johnson's Executive Committee announced that it will position China as a "global innovation engine", becoming the first Fortune 500 company to strategically deploy the innovation status of the Chinese market.
[Concurrent] Song Weiqun, Global Senior Vice President and China Chairman of Johnson & Johnson
Facing the new era, we have also adjusted our strategy in China in a timely manner, taking more of China's R&D, innovation, localization and high-end manufacturing as our future strategic line.
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. In fact, we are trying to vigorously promote local innovation. a very important strategy.
[Explanation] Song Weiqun said that China's economy has a strong endogenous force, especially the future development of the big health industry will provide huge opportunities for Johnson & Johnson.
[Concurrent] Song Weiqun, Global Senior Vice President and China Chairman of Johnson & Johnson
China's economy is large, and its growth momentum is also very strong.
China's entire industrial system is very complete, and our own economy has great potential for endogenous growth. We have a population of 1.4 billion, and we have a middle class of 100 million. Especially for our medical and health companies, the country has a healthy China 2030 With the continuous development of the aging population, especially the pursuit of high-quality medical services by the Chinese people, it has brought huge growth opportunities for our medical and health enterprises.
[Explanation] Song Weiqun introduced that the Chinese government "thinks what enterprises think and is anxious about what enterprises need" in optimizing the business environment, which gives Johnson & Johnson great confidence in its future operations in the Chinese market.
[Concurrent] Song Weiqun, Global Senior Vice President and China Chairman of Johnson & Johnson
I think the Chinese government has taken a lot of measures to improve the business environment in the past few years, especially the "Foreign Investment Law" (implementation) on January 1, 2020. The implementation of this law has brought great benefits to our foreign businessmen. Good environment.
We have seen that Chinese government officials are very active and pragmatic. After the Spring Festival, everyone has actually seen the gratifying recovery of China’s industrial production. So the governments at all levels are actually working overtime to help enterprises, thinking about what enterprises want. Urgent.
I even said in some symposiums that some of our governments really regard the affairs of enterprises as their own affairs, and help us run errands before and after running, so my own overall business environment in China has improved. On the other hand, I have great confidence and have seen positive initiatives and actions.
Kang Yuzhan Zhou Sunyu Li Qiuying reports from Shanghai
Responsible editor: [Li Ji]