China has unveiled its economic policy goals at this year’s Two Sessions, the annual political event that sets the direction for the country’s development. Key agendas include boosting high-quality productive forces, fostering talent in technology and innovation, easing market access restrictions, enhancing confidence in the Chinese economy, and facilitating foreign investments.
To gain insights into how these policies might influence foreign investment, CGTN host Lily Lyu spoke with Jens Hildebrandt, Executive Director and Board Member of the German Chamber of Commerce in China – North China, and Saravoot Yoovidhya, Vice President of the Thai Chamber of Commerce in China.
Strengthening Confidence in the Chinese Market
Hildebrandt emphasized the importance of stability and predictability in China’s economic policies. “German businesses are looking for clear signals that China remains open and committed to international cooperation,” he said. “Easing market access and providing a level playing field are crucial for attracting new investments.”
Innovation and Technological Advancement
Yoovidhya highlighted the opportunities in China’s push for technological innovation. “Thailand’s businesses see great potential in collaborating with Chinese companies in areas like digital economy and green technology,” he noted. “By fostering talent and innovation, China creates an ecosystem where foreign investors can thrive.”
Facilitating Foreign Investments
Both business leaders agreed that reducing bureaucratic hurdles and enhancing transparency would make China a more favored destination for investors. “Streamlining procedures and offering more support for foreign enterprises can add new momentum to foreign investments,” Hildebrandt suggested.
Looking Ahead
As China focuses on high-quality development and opens its doors wider to the world, foreign investors are keen to participate in its growth story. The discussions at the Two Sessions provide a roadmap for how international businesses can engage with China’s evolving economy.
Reference(s):
cgtn.com
