Source: Economic Information Daily
186 Fortune 500 companies and 290 industry leaders gathered, 99 key foreign-funded projects were signed, with a total investment of US$15.6 billion, an increase of 31.4% over the previous session... The 3rd Qingdao Summit of Leaders of Multinational Companies (referred to as ""Qingdao Summit" for short) Summit”) delivered a stellar transcript.
At the summit, foreign-funded enterprises interviewed by reporters from "Economic Information Daily" said that under the epidemic, China's economy is still developing steadily, increasing their confidence in China's development. They are also optimistic about China's complete industrial system, as well as the digital economy, green The new space opened up by industries, etc., will continue to deepen the Chinese market.
Seize the opportunity, foreign investment confidence is not diminished
During the summit, many well-known multinational companies such as AstraZeneca in the UK, Lloyds in the UK, Mitsui & Co., Ltd. in Japan, and ZF in Germany have announced new investment plans, and a number of key projects have been signed, involving new generation information technology, new energy and new materials. , high-end equipment, high-end chemical industry and other fields.
Behind the increased investment, foreign investors are optimistic about the opportunities in the Chinese market.
"As one of the first multinational gas companies to enter the Chinese market, Air Products has been developing in China for 35 years and has achieved great success." said Su Junxiong, Air Products' Global Vice President and President of China. These successes are closely related to the level of China's opening up. Continuous improvement is inseparable.
Su Junxiong believes that the process of accelerating the formation of a new pattern of China's all-round, multi-level and wide-ranging opening up is also a development opportunity for Air Products to continuously explore new markets and achieve new breakthroughs. "In the future, we will continue to deepen strategic cooperation with the government, customers and partners."
A new production line will be built every 18 months! Also increasing investment in China is Dow, a world-renowned material technology company. Peng Ruisi, president of Dow's Asia-Pacific region, said that China is one of the most important markets for Dow's globalization strategy.
The resilience of China's economy has further enhanced foreign investors' confidence in the Chinese market. Li Siwei, CEO of Forbes China, said that China's economic aggregate ranks second in the world, and China's GDP accounts for 18% of the world's total. In the latest Forbes Global 2000 list this year, the number of Chinese companies on the list has reached 399. ,Upward trend.
Li Siwei introduced that in the dialogue and exchanges between Forbes China and many multinational companies, it was found that the Chinese market has always occupied an important position in their global strategic layout. "Despite the complex international environment and the multiple challenges of the global epidemic, we still believe that the fundamentals of China's long-term economic growth will not change."
Add momentum and continue to optimize the business environment
Facing the complicated situation at home and abroad, China has effectively coordinated epidemic prevention and control and economic and social development, further relaxed market access, promoted fair competition, continuously improved the level of trade and investment liberalization and facilitation, and strived to create a market-oriented, legalized, and internationalized environment. The business environment has added impetus to the investment and development of multinational companies in China.
"Multinational companies are not only direct participants in the domestic cycle, but also an important driving force for the domestic and international dual cycle." Sheng Qiuping, Vice Minister of Commerce, said in his speech at the opening ceremony of the summit that the Ministry of Commerce will unswervingly support multinational companies to play their unique role. Advantages and roles to help the high-quality development of China's economy.
The reporter was informed that, including revising and expanding the "Catalogue of Industries Encouraged for Foreign Investment", and continuing to encourage foreign investment in manufacturing, producer services, the central, western and northeastern regions; and compiling the "Guidelines for Foreign Investment in China" to provide better services for foreign business development in China ; Promote the opening of China's financial market, further simplify the procedures for foreign investors to enter the Chinese market, and enrich the types of assets available for investment. A series of benefits are being rolled out.
Wu Chun, managing partner of Boston Consulting Group in China, evaluated China's actions in terms of business environment with three key words: China's speed, China's execution ability, and a new pattern of opening up.
Wu Chun believes that the focus of China's economy has shifted to high-quality and sustainable development, and the business environment has become more in line with international standards, which are all conducive to the development of foreign-funded enterprises in China. "In an increasingly complex geopolitical and international environment, China's choice to embrace the world sends a strong signal to multinational companies, and also enhances their confidence in long-term development and continuous investment in China."
Seeking to upgrade and accelerate the expansion of new space for cooperation
How to achieve better development through win-win cooperation has become a focus of attention from all walks of life at the summit. China's advantages in the supply chain are also an important factor in attracting multinational companies to continue to deepen the Chinese market and improve their investment layout in China.
Gu Xueming, Dean of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, pointed out that in the process of accelerating the adjustment of the global supply chain structure, China has huge market space, perfect industrial chain supporting capabilities, continuously improved scientific and technological innovation capabilities and increasingly optimized business environment. , will gradually become a new competitive advantage of China's supply chain, and further help multinational companies achieve better development in China.
The participating companies also expressed their optimism about the new advantages in China's supply chain, especially the new market space that China has promoted in recent years to promote the transformation of the manufacturing industry and support the development of the digital economy and green industries.
Bai Haotian, President and CEO of Air Liquide China, said that in recent years, China has actively promoted economic transformation and industrial upgrading. On the premise of ensuring sustainable economic and social development, it has paid more attention to the quality of economic growth, technological innovation and low-carbon environmental protection. It is also vigorously developing big science, quantum computing, electronics, aerospace and other undertakings, providing many opportunities for multinational companies.
Qualcomm is also optimistic about China's digital economy market. Meng Pu, chairman of Qualcomm China, said that under the guidance of the "moderately advanced" policy, China's 5G commercial deployment and development have achieved remarkable results, creating a broad space for cooperation for the industry.
Previously, Qualcomm Ventures announced the establishment of the XR (Extended Reality) Industry Investment Alliance, focusing on innovative and entrepreneurial projects in the XR ecosystem. Currently, 23 investment institutions have joined the alliance. "Qualcomm will work closely with domestic industry partners to achieve digital transformation and rapid development of the digital economy," said Meng Pu.
Jaguar Land Rover also stated that it supports global core suppliers to establish parts supporting factories in China. At the same time, under the premise of using global unified standards, we will actively look for potential suppliers in China and carry out in-depth localized cooperation.
"In the process of accelerating the adjustment of the global supply chain structure, we expect multinational companies to adapt to the changes in the global supply chain, seize the new opportunities for development in China, develop innovation and deepen cooperation, deeply cultivate the market, and move forward hand in hand." Gu Xueming said. (Reporters Wang Wenbo and Sun Xiaohui)
