Li pledges further opening up regardless of global changes
Print Edition
Premier Li Qiang yesterday said that China will open its doors wider to the outside world, regardless of how the international environment changes.
He made the remarks during a meeting with select exhibitors and buyers attending the 7th China International Import Expo, including Synopsys, General Electric Co, MSD and China FAW Group.
The foreign-funded enterprises at the meeting expressed optimism about the Chinese market, saying that they will deepen their presence and increase investment in the country.
Despite a sluggish global economic recovery, China’s overall economic operations have remained generally stable and seen progress, Li said, stressing that the Chinese market is still one of the best choices for global enterprises.
China will continue easing market access and push for the orderly expansion of opening-up in sectors like telecommunication, education, culture and medical care, the premier said.
He pledged to continue improving the business environment and provide equal opportunities in accessing production factors, qualification licensing and participation in government procurement, among other areas.
Li expressed the hope that China will become not only an export destination for foreign enterprises, but also a land of investment and entrepreneurship, facilitating closer links between the country and the global market.
He noted his expectation that Chinese and foreign entrepreneurs will continue to support economic globalization firmly, work together to promote technological advancement and industrial upgrading, and foster new growth engines for the world economy.
This morning, the commercial hub of Shanghai will once again assume its role as the host for the newest edition of the globe’s first national-level exposition dedicated to imports.
Now, the CIIE stands as a telling example of China’s steadfast opening up and an unmissable opportunity for foreign enterprises to tap into the Chinese market.
Despite challenges and uncertainties in the global economic landscape, over the past seven years, the CIIE has grown steadily.
The first six editions of the expo have generated a total intended transaction amount exceeding US$420 billion.
Additionally, over 1,130 foreign enterprises and investment promotion organizations have conducted targeted connections across the country.
China’s vast market has become one of the most attractive destinations for global players, with the CIIE serving as the “golden gateway” to this opportunity.
For CIIE frequenters like Japanese cosmetics giant Shiseido, the event serves as a second-to-none magnet.
“Over the past years of participating in the CIIE, we have seen firsthand just how influential the expo can be for our business,” Toshinobu Umetsu, president and CEO of Shiseido China, pointed out.
According to the company, visitors will be able to see over 30 new product debuts from 12 different brands in the group’s portfolio.
Umetsu described the expo as a boon for the company’s growth in China’s thriving market, noting that many new skincare technologies, brands, and products have gained substantial attention and recognition from consumers after being featured at the expo.
“The CIIE has successfully transformed our ‘exhibits’ into “products,’” Umetsu added.
Seizing the opportunity, new participants are eager to try their luck. Among the trendsetters is Canadian sportswear giant Lululemon.
“A digital innovation here is leading the world, quite frankly, in terms of adoption and opportunities,” Calvin McDonald, CEO of Lululemon, said during an interview with Xinhua.
Impressed by the market’s speed, agility and resilience, McDonald noted that the opportunity to move fast and accomplish big initiatives in the market is incredibly exciting, seeing the CIIE as a precious opportunity to bring awareness to the brand.
“Reflecting on the past six editions of the CIIE, ‘high-level opening up’ has been a consistent theme. The expo has continually showcased an image of an ‘open China’ that shares opportunities and future with the world,” according to Wu Zhengping, deputy director general of the CIIE Bureau.
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