China an ‘ideal,’ destination for foreign firms: Xi

As China wraps up a week in which it hosted two top-level international forums – the China Development Forum (CDF) 2025 and the Boao Forum for Asia (BFA) Annual Meeting 2025 – to drive home its commitment to high-quality opening-up and cooperation, Chinese President Xi Jinping met with representatives of the international business community in Beijing on Friday, telling them China’s door will only open wider.

In the meeting, Xi pointed out that the country, which is on a Chinese path to modernization in all respects, has been a major contributor to and anchor of stability for global growth for many years.

Committed to the fundamental national policy of opening up to the world, China is advancing high-standard opening up and taking solid steps to expand institutional opening up, such as that of rules, regulations, management, and standards, Xi said.

“China’s door will only open wider. The policy of welcoming foreign investment has not changed and will not change,” said the president.

Having the world’s second largest consumer market and largest middle-income group, China offers great potential for investment and consumption, Xi noted.

With a commitment to high-quality development, China is accelerating green, digital and smart transformation, which, coupled with the country’s sophisticated industrial ecosystem, provides the best testing ground for the latest outcomes of technological revolution and industrial upgrading, he said.

Xi said China has developed sound regulations, policies and procedures for foreign investment, promoted trade and investment liberalization and facilitation, and made active efforts to foster a first-class business environment that is market-oriented, law-based and internationalized. -China Global

China enjoys long-standing political and social stability, and is widely recognized as one of the safest countries in the world, he added.

Xi said all this shows that China offers a vast stage for business development, vast market prospects, stable policy outlook, and a secure environment, making it a favored choice for foreign investment and business operations.

“China has been and will remain an ideal, secure, and promising destination for foreign investors. Embracing China is embracing opportunities, believing in China is believing in a better tomorrow, and investing in China is investing in the future,” he said.

More than 40 representatives from global companies and business associations participated in Friday’s meeting, and seven global executives from companies including US delivery company FedEx, German auto maker Mercedes-Benz Group, French pharma giant Sanofi, UK’s HSBC, Japanese conglomerate Hitachi, South Korea’s SK Hynix Semiconductor Inc and Saudi Arabia’s Aramco delivered speeches during the meeting, according to Xinhua News Agency.

“I was honored and happy to be part of the group of global CEOs meeting with President Xi. That shows the Chinese government attaches great importance to advancing high-level opening-up, its role in stabilizing the global economy and the foreign companies that invest in China, which is very encouraging,” Ola Källenius, chairman of the board of management of Mercedes-Benz Group AG, told the Global Times on Friday.

This year marks the 20th anniversary of our research and development (R&D) and production in China, we will continue to invest in China, create and share the development opportunities in the China market, Källenius added.

“I was deeply honored to meet President Xi Jinping this morning as a representative of the international business community. The meeting was held in a warm and open atmosphere, delivering a strong and clear message that the Chinese central government values the vital contributions and role of foreign enterprises and warmly welcomes our continued growth in China,” Daniel Stieler, chairman of the board of directors of Brazilian mining giant Vale, told the Global Times on Friday.

The Vale chairman said the company will continue to explore new opportunities for growth and collaboration in this dynamic [Chinese] market.

Chinese experts said that as more foreign CEOs feel China’s economic vibrancy through being on the scene and understand China’s economic policies through the two sessions, the role of China’s economy as an anchor of stability will be reinforced against the backdrop of an increasingly complicated global economic landscape.

“The meeting sends a clear signal – China’s high-quality opening-up will be to open to foreign-funded companies from all parts of the world, rather than just developed countries, as part of its efforts to build an open world economy,” Wei Jianguo, former vice-minister of commerce and executive deputy director of the China Center for International Economic Exchanges, told the Global Times on Friday.

China Global

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