A surge in foreign firm participation at China's Development Forum (CDF) highlights the nation's steadfast commitment to fostering a world-class, open business environment. Chinese Premier Li Qiang emphasized that "a more open China will bring more opportunities for win-win cooperation to the world." His remarks at the CDF on Sunday underscored China's dedication to high-level opening-up.
Despite voices of pessimism, China has remained committed for decades to creating a market-oriented, law-based, and internationalized business landscape. While some American politicians have propagated rumors about China's "deteriorating" business environment, multinational corporations in China are a testament to the country's unwavering resolve in maintaining an open market.
The two-day CDF event attracted over 110 international guests, including a significant number of American business leaders, showcasing global investors' confidence in the Chinese market. In a notable display, major American chip companies such as Micron, AMD, and Qualcomm attended the China-initiated gathering, even amid Washington's attempts to restrict China's access to advanced chips.
Joseph Luc Ngai, chairman of Greater China at McKinsey & Company, stated, "For American businesses, the commitment to China and the deep engagement with the Chinese market … has remained unchanged over the past two or three years." Apple CEO Tim Cook echoed this sentiment, saying, "For Apple's supply chain, I think there is no place more important than China," before participating in the CDF.
The participation of these global leaders underscores China's resolve to maintain deep economic ties and its appeal as a hub for innovation and investment. As China continues to open its doors to international businesses, the foundation for sustained economic growth and global collaboration remains robust.
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Foreign firms' confidence showcases China's resolve in opening-up
cgtn.com
