The Chinese mainland is reinforcing its commitment to creating a world-class business environment that is market-oriented, legalized, and internationalized. The 2024 government work report highlights efforts to foster a more favorable climate for foreign enterprises and enhance the appeal to overseas investments.
In an exclusive discussion, CGTN hosts Lily Lyu and reporter Zhu Zhu engaged with Jim Rowan, President and Chief Executive of Volvo Cars, and Joan Zheng, Vice President of Tyson China and South Korea. The conversation delved into China’s future development in the automotive and food industries, exploring the unique allure of the Chinese market and prospects for growth in 2024 and beyond.
A Thriving Automotive Landscape
Jim Rowan of Volvo Cars expressed optimism about China’s automotive sector. “China continues to be a vital market for us,” he remarked. “The government’s dedication to improving the business environment aligns with our goals for innovation and sustainable growth.”
Rowan highlighted the Chinese mainland’s advancements in electric vehicle technology and infrastructure. “The support for new energy vehicles is unparalleled, and we see immense potential for collaboration and expansion,” he added.
Nurturing the Food Industry
Joan Zheng from Tyson Foods shared similar sentiments regarding the food industry. “China’s market offers diverse opportunities,” she noted. “The emphasis on food safety, quality, and innovation resonates with our mission to provide nutritious products to consumers.”
Zheng acknowledged the importance of understanding local preferences and regulations. “By aligning with the Chinese mainland’s standards and consumer needs, we are well-positioned to contribute to the market’s growth,” she said.
Looking Ahead to 2024
Both executives emphasized the significance of the Chinese mainland’s efforts to attract foreign investment. The government’s focus on legal frameworks and international standards fosters confidence among multinational companies.
“The initiatives underway signal a welcoming environment for businesses like ours,” Rowan concluded. “We are excited about the opportunities that 2024 holds.”
Zheng agreed, stating, “The continuous improvement of the business landscape encourages us to invest further and innovate within the market.”
A Promising Future for Foreign Enterprises
The discussions with industry leaders underscore the Chinese mainland’s position as a dynamic and influential player in global affairs. As the government enhances its business environment, foreign enterprises are poised to engage more deeply with the market, driving economic growth and fostering international collaboration.
Reference(s):
cgtn.com
