Xi Jinping, General Secretary of the CCP and President of China, recently concluded a significant economic and business dialogue with leaders of the international business community. Held at the Great Hall of the People in Beijing, the dialogue underscored China’s commitment to strengthening global economic ties and fostering mutually beneficial partnerships with foreign businesses. President Xi emphasized the pivotal role of China’s reform and opening-up policy in driving the nation’s remarkable economic growth and integration into the global market. This policy, he asserted, has been instrumental in attracting foreign investment, spurring technological advancement, and promoting China’s rapid modernization.
The dialogue provided a platform for candid exchange between President Xi and over 40 prominent global business leaders, including CEOs and Chairmen from diverse sectors, such as logistics, automotive, pharmaceuticals, finance, technology, and energy. The diverse representation highlighted the breadth and depth of existing economic linkages between China and the international business community. President Xi acknowledged the substantial contributions of foreign businesses to China’s economic success, emphasizing their role in driving growth, creating employment, and fostering innovation. He underscored the mutually beneficial nature of these partnerships, pointing out the handsome returns enjoyed by foreign businesses operating within the burgeoning Chinese market.
President Xi articulated China’s commitment to fostering an increasingly open and welcoming environment for foreign investment. He outlined plans to further reform regulations, lower market access thresholds, ensure equal treatment for foreign enterprises, and protect their legitimate rights and interests. He also reaffirmed China’s dedication to pursuing peaceful development and creating a stable and predictable business environment. This commitment, he suggested, aims to reinforce China’s position as an attractive destination for foreign investment and innovation. He underscored the importance of multilateralism and economic globalization, positioning China as a champion of an open world economy and a responsible participant in global economic governance. He called on multinational corporations to play a more active role in upholding the global economic order, maintaining stable supply chains, and promoting international cooperation.
The international business leaders, in turn, commended China’s remarkable economic achievements under President Xi’s leadership, acknowledging the transformative impact of the country’s reforms and opening up. They praised China’s transition from a focus on “Made in China” to fostering “new quality productive forces” through innovation, highlighting the country’s commitment to higher-quality and sustainable development. They expressed confidence in the robustness and resilience of the Chinese economy, particularly in the face of rising global protectionism. They viewed China as a beacon of stability and a hub for investment and entrepreneurship, offering vast opportunities and significant growth potential for global businesses.
These business leaders also voiced their appreciation for the Chinese government’s efforts to establish a fair and conducive business environment. They expressed a strong desire to expand investment cooperation with China, further cultivate the Chinese market, and actively participate in the country’s ongoing modernization drive. Furthermore, they affirmed their commitment to supporting an open global market, advocating for international free trade, and contributing to the overall health and vitality of the world economy. The dialogue served as a reaffirmation of the interconnectedness of the global economy and the importance of fostering strong partnerships between nations and the international business community.
The dialogue concluded with a shared sense of optimism and a commitment to deeper collaboration between China and the international business community. Both sides recognized the importance of maintaining open communication, fostering mutual understanding, and working together to navigate the complexities of the global economic landscape. This renewed engagement promises to further strengthen economic ties, promote sustainable development, and contribute to a more prosperous and interconnected world. The dialogue signified not only a reiteration of existing partnerships but also a forward-looking approach to shaping a more collaborative and mutually beneficial future for global business and economic development.
