At the China Development Forum (CDF) held this weekend, over 110 international guests, including a significant number of American business leaders, gathered to discuss China’s steadfast pursuit of high-level opening-up. Chinese Premier Li Qiang emphasized that “a more open China will bring more opportunities for win-win cooperation to the world,” underscoring the country’s dedication to fostering a world-class business environment that is market-oriented, law-based, and internationalized.
Despite global economic uncertainties and external skepticism about China’s business climate, multinational corporations continue to demonstrate strong confidence in the Chinese market. Notably, major American chip companies such as Micron Technology, Advanced Micro Devices (AMD), and Qualcomm attended the forum, even amidst Washington’s efforts to restrict China’s access to advanced semiconductor technology.
Joseph Luc Ngai, Chairman of Greater China at global consulting firm McKinsey & Company, remarked that “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.” This sentiment was echoed by Apple CEO Tim Cook, who stated, “For Apple’s supply chain, I think there is no place more important than China,” prior to his participation in the CDF.
The strong attendance of foreign firms at the CDF highlights global investors’ confidence in China’s economic prospects and its role in global trade. The forum provided a platform for dialogue and cooperation, reinforcing the message that China’s doors remain open to international businesses seeking opportunities for mutual growth.
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Foreign firms' confidence showcases China's resolve in opening-up
cgtn.com
