China improvement Forum, which means all roads lead to Beijing..

chiny24.com 1 year ago

On the past weekend, on 24-25.03.2024 held in Beijing the yearly China improvement Forum (chin. 中国发展高层论坛). This event was attended by the heads of major global corporations. The Chinese capital was visited by, among others, CEOs specified as Apple, Bayer, Simens, ZF, Saudi Aramco, RioTinto, Starbucks, Mercedes-Benz, BHP, AMD, as well as presidents of the planet Bank and the global Monetary Fund, a full of over a 100 guests representing abroad companies, governments and global institutions. Of course, the forum was besides attended by the heads of the largest Chinese companies, and all of them were taken up by representatives of the highest authorities of the PRC.

Prime Minister Li Qiang(chin. 李强), beginning the forum, China, despite external force and interior difficulties, has achieved last year's economical and social improvement objectives. He committed to continuing his efforts to make a favourable business environment and encouraging companies from around the planet to invest in China's economy worth over $18 trillion. He pointed out that the Chinese economy continues to consolidate and strengthen its growth trend, with fresh industries, fresh sectors and fresh driving forces accelerating its development. Prime Minister Li presented key initiatives specified as the adjustment of macroeconomic policies, the expansion of national demand, people-focused urbanisation and advancement in industrial innovation through breakthrough technological and technological developments. He stressed China's commitment to green transformation and hazard prevention.

Zheng Zha Jie (chin. 郑扎杰), manager of the State improvement and improvement Committee (chin. 国家发展和改革委员会), The chief planning body, in his speech, pointed out that China's cultivation and improvement of fresh quality productivity and the promotion of advanced quality improvement would make more economical opportunities and that China's investment could win the future.

Lan Fo’An (chin. 蓝佛安), Minister of Finance (chin. 财政部), ensuring that the ministry will aim to accelerate the improvement of new, advanced quality production forces and to increase financial support for innovation, industrial modernisation and the improvement of future industries. The Ministry will besides focus on expanding profitable investments and driving possible consumption to increase the function of home request in stimulating economical growth.

Jin Zhuang Long (chin. 金壮龙), Minister of manufacture and Information Technology (chin. 工业和信息化部), announced that China would full remove restrictions on the access of abroad investment to its production sector. They will vigorously advance the deep integration of technological and technological innovation and industrial innovation and encourage companies with abroad capital to make R & D centres. The country will besides search to modernise production supply chains through innovation.

Guo Ting Ting (chin. 郭婷婷), Deputy Minister of Trade (chin. 商务部), She promised that China would treat abroad companies in the same way as home companies, as they search to increase abroad investment and modernise their production. abroad companies will gain more certainty about their investments by equal treatment. China will powerfully defend the rights of abroad companies and further grow its marketplace access.

Kristalina Georgieva,Managing manager of the global Monetary Fund, She pointed out that China is faced with a choice: whether to stick to a policy that has worked in the past or to update its policy for a fresh era of high-quality growth. So far, the authorities have shown that they have chosen the latter. China is making crucial investments in the green and digital economy as well as in equalising the opportunities between state-owned companies and the private sector. According to her, the most urgent short-term challenges for China are: to turn the real property sector into a more sustainable and to reduce the hazard of local government debt.
Ajay Banga, president of the planet Bank, pointed out that the improvement way was marked by failures, missteps and periods of gradual progress. This applies to all economies. Looking at China today, we know that anything is possible. But we besides know that there is always another hill to overcome and challenges to overcome – many are common challenges for the full world.
Tim Cook, CEO of Apple stated that the Chinese supply chain is the most crucial of all that is being utilized by its company. He besides stressed that the factories in the mediate State have undergone crucial modernisation over the past fewer years, and that this progress, which is Apple's share, will proceed to take place, even in a position beyond the next decade. The cooperation of the US company with Chinese entities has been around 30 years old and will surely continue," he noted. (p.75% of all iPhone parts suppliers are Chinese companies). He announced further Apple investments in China.

Ola Källenius, President Mercedes-Benz, He declared that the company he led had been investing in China for more than 20 years and will proceed to do so. The company prepares the launch of fresh generation electrical vehicles for the Chinese market.
Stephen von Schuckmann, Executive manager of ZF Group, He said that his company engaged in business and investment in China, as these are the planet leader in the sale and production of electrical vehicles. Any stories about “exodus” in the supply chains do not affect the company’s actual business decisions. "We invested here. We will stay here," he stressed.

This is what hazard simplification looks like in business and disengaging from Chinese supply chains.

All abroad guests besides met with the Chinese president Xi Jin Pingg.

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