China’s increasing economic openness has been a driving force behind its exceptional growth in 2023. As the nation continues to streamline investment procedures and enhance its global market appeal, foreign business leaders are expressing renewed confidence in China’s economic prospects.
In a recent interview with CGTN host Guan Xin, Philippe Mhun, Executive Vice President of Programs and Services at Airbus, and Joe Ngai, Senior Partner and Chairman of McKinsey & Company Greater China, shared their insights on the attractiveness of the Chinese market and the outlook for the 2024 Chinese economy and the global economy at large.
Mhun highlighted China’s pivotal role in the global aviation industry, stating, “China is one of the fastest-growing aviation markets in the world. The country’s commitment to openness and innovation provides significant opportunities for international companies like Airbus.”
Ngai discussed the broader economic context, noting, “China’s efforts to open up its economy and reduce barriers to investment are encouraging signs for global businesses. These measures not only boost confidence but also contribute to sustainable economic growth.”
The conversations underscored the international business community’s optimism towards China’s future economic development. As China continues to embrace globalization and foster an inclusive business environment, experts believe that the positive momentum will carry into 2024 and beyond, benefiting both China and the global economy.
Reference(s):
cgtn.com
