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EconoScope | Foreign business leaders show commitment to Chinese market

2025-03-28 14:23:51Ecns.cn Editor : Gong Weiwei ECNS App Download
Photo shows the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2025 in Boao, south China's Hainan Province, March 27, 2025. (Photo:China News Service/Han Haidan)
Photo shows the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2025 in Boao, south China's Hainan Province, March 27, 2025. (Photo:China News Service/Han Haidan)

(ECNS) -- The China Development Forum 2025 and the Boao Forum for Asia Annual Conference 2025 have brought many foreign business leaders to China in recent days. From Diaoyutai State Guesthouse in Beijing to Boao Town in Hainan, "China's innovation" was a key topic, with focus on the country’s cutting-edge technologies.

Siemens President Roland Busch, Qualcomm CEO Cristiano Amon, and Apple CEO Tim Cook have all mentioned DeepSeek on different occasions.

French food giant Danone Antoine's CEO de Saint-Affrique stated that China is not only a key market but also a hub for global top-tier innovation.

Beyond expressing confidence in China's economic development, multinational companies are taking concrete actions to show their commitment to the Chinese market.

British pharmaceutical giant AstraZeneca announced an investment of nearly 20 billion yuan (about $2.79 billion) in Beijing to establish its sixth global strategic R&D center.

German carmaker BMW revealed a deepened strategic partnership with Chinese e-commerce giant Alibaba to accelerate the integration of AI models into vehicles.

Besides, Apple donated 30 million yuan to China’s Zhejiang University to support programming education.

Increasing investment in China is becoming the choice of more multinational companies.

A recent survey by the Japanese Chamber of Commerce and Industry in China  revealed that 58 percent of member companies plan to increase or maintain their investments in China this year. Similarly, a report by the American Chamber of Commerce in China showed that 53 percent of surveyed American companies expect to increase their investments in China by 2025.

In January of this year, investments from the UK, South Korea, and the Netherlands in China increased by 324 percent, 104 percent, and 76 percent, respectively. This growth is the result of China's massive market size, well-developed industrial ecosystem, and continuously improving business environment, which together attract global capital.

As global uncertainties rise and some countries aggressively raising tariffs, China has provided a stable anchor for the world through expanded openness.

China recently issued an action plan outlining 20 measures to stabilize foreign investment in 2025. The government work report also emphasized strengthening policies to stabilize foreign trade and encourage foreign investment, promoting orderly opening up in sectors such as the internet and culture, and expanding pilot openings in areas like telecommunications, healthcare, and education.

The recent wave of visits by foreign business leaders to China conveys several positive messages. It highlights that China continues to be a leading destination for global investment and plays a crucial role in stabilizing supply chains. Despite challenges to globalization, it shows that cooperation and mutually beneficial solutions remain the priority, while decoupling is unpopular. Additionally, China's innovation-driven strategy is delivering results, driving global technological and industrial advancement.

Amid global economic pressure, the frequent visits highlight both China’s innovation and openness, and the importance of its economy to the world.

(By Gong Weiwei)

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