(Source: People’s Daily 2025-04-25)

Foreign-funded enterprises are important participants in Chinese-style modernization, important participants in China's reform, opening up and innovation and creation, and important participants in China's efforts to connect the world and integrate into economic globalization. In March this year, when meeting with representatives from the international business community, President Xi Jinping pointed out: "China has always been a major contributor to and a stable anchor for world economic growth. It is comprehensively promoting Chinese-style modernization. It has a large career stage, broad market prospects, stable policy expectations, and a good security situation. It is a fertile ground that is conducive to the investment and development of foreign-funded enterprises." This important statement released a clear signal to further expand opening up and increase efforts to attract foreign investment. Since the new era, our country has persisted in promoting high-quality development, unswervingly expanded high-level opening up to the outside world, shared development opportunities with other countries around the world, and created a good environment for foreign-funded enterprises to invest and operate in China.

The career stage is big. After long-term and sustained development, my country has firmly ranked as the world's second largest economy. Its economic development has strong resilience and huge potential, providing a huge stage for companies around the world to invest in business and achieve rapid development. Since the new era, the Party Central Committee with Comrade Xi Jinping at its core has unswervingly implemented the innovation-driven development strategy, persisted in leading industrial innovation with scientific and technological innovation, and cultivated and developed new productive forces. This has not only improved production efficiency and promoted industrial optimization and upgrading, but also promoted the transformation of my country's economic development mode from labor- and resource-intensive to capital- and technology-intensive. It has further enhanced the magnitude and energy level of China, the world's largest economic stage, and provided foreign-invested enterprises with broad investment space and profit opportunities. At present, foreign investment in China has covered 20 industry categories and 115 major industry categories; in the manufacturing field, there are foreign investments in 31 major categories and 548 sub-categories. From January to March this year, the actual use of foreign investment in the biopharmaceutical manufacturing industry and the aerospace vehicle and equipment manufacturing industry increased by 63.8% and 42.5% respectively. These data not only fully reflect the huge career stage of our country, but also highlight the "magnetic attraction" of the Chinese market.

The market prospect is broad. After the international financial crisis in 2008, global economic growth generally slowed down, and market demand became the scarcest resource in global competition. For enterprises, having a larger market means having more new technology application scenarios and lower average costs, which means it is possible to achieve more profits and there will be greater motivation for technological innovation. Our country is a very large market with a population of more than 1.4 billion and more than 400 million middle-income groups. It is also the most growing market in the world. In 2024, my country's consumer market will achieve overall stable growth. The total retail sales of consumer goods will exceed 48 trillion yuan, an increase of 3.5% over the previous year. Final consumer spending throughout the year will drive economic growth by 2.2 percentage points. At the same time, our country has also introduced a series of powerful measures to further strengthen the advantages of the ultra-large-scale market. For example, in 2022, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a National Unified Market" were issued to make arrangements for accelerating the construction of a unified national market from an overall and strategic perspective. At the same time, it was clearly proposed to comprehensively clean up various preferential policies that discriminate against foreign-invested enterprises and non-local enterprises and implement local protection; in March this year, the "Special Action Plan to Boost Consumption" was issued to launch a "combination punch" to boost consumption, expand domestic demand in an all-round way, and enlarge the market size. With the implementation of these policies and measures, my country's market size will further expand and its advantages will become more obvious. When foreign-funded enterprises invest in China, they have the scarcest resources to participate in global competition and a "golden track" to share the dividends of my country's ultra-large-scale market growth.

Policy expectations are stable. Expectations are an important factor affecting economic development. Whether policy expectations are stable directly affects corporate investment and residents' consumption decisions. Under the leadership of the party, our country's policies are scientific and highly stable. For example, our country adheres to the basic national policy of opening up to the outside world and firmly pursues a mutually beneficial and win-win opening strategy. The Third Plenary Session of the 18th Central Committee of the Party made arrangements for "building a new open economic system" and proposed adhering to the rules of the world w88 system; the "Decision" of the Third Plenary Session of the 20th Central Committee of the Party made arrangements for "improving high-level opening-up systems and mechanisms" and proposed establishing a compliance mechanism that is in line with internationally accepted rules and optimizing the open cooperation environment. To implement the decisions and arrangements of the Party Central Committee, we promote w88 and investment liberalization and facilitation, actively create a market-oriented, legalized, and international first-class business environment, create a transparent, stable, and predictable policy environment, and steadily expand institutional opening up such as rules, regulations, management, and standards, providing great convenience for foreign-invested enterprises to invest and operate in China. Currently, my country's negative list for foreign investment access has been reduced from the earliest 190 items to the current 29 items in the national version and 27 items in the free w88 pilot zone version, and the manufacturing field has been "cleared." Since the beginning of this year, the "2025 Action Plan to Stabilize Foreign Investment" has been released, and 80 pilot measures in the Shanghai Pilot Free w88 Zone have been basically implemented. Against the background of the current rapid changes in the international economic environment, my country has introduced a series of policies to stabilize foreign investment and continues to build the "Invest in China" brand. This not only stabilizes the policy expectations of foreign-funded enterprises, but also further polishes the "Invest in China" brand, which is conducive to attracting more high-quality foreign investment projects.

The security situation is good. Security is the prerequisite for development, and development is the guarantee of security. Domestically, our country has maintained political stability and social stability for a long time. Since the reform and opening up, our party has always insisted on properly handling the relationship between reform, development and stability, created the "two miracles" of rapid economic development and long-term social stability, and is recognized as one of the safest countries in the world. Recently, more and more foreigners have come to China for tourism and business, and they feel that China is stable, peaceful, open and inclusive. From an international perspective, changes over the past century are accelerating and the world has entered a new period of turmoil and change. However, peace and development remain the themes of the times. In the face of risks and challenges, our country unswervingly follows the path of peaceful development, seeks its own development while firmly safeguarding world peace and development, and uses its own development to better safeguard world peace and development. Our country has the ability to safeguard its sovereignty, security and development interests. At the same time, it is willing to join hands with other countries in the world to jointly implement the global development initiative, global security initiative, and global civilization initiative, actively promote the resolution of international and regional hot issues, and strive to create a good external environment for the development of foreign-invested enterprises.

Currently, the world economy is facing challenges brought by protectionism, unilateralism, etc. my country plays the role of a responsible major country, pursues a mutually beneficial and win-win opening strategy, serves as a major contributor and anchor of world economic growth, continues to expand the broad prospects for foreign-funded enterprises to invest and operate in China, and will continue to provide new opportunities for the world with China's new development.

(Author’s affiliation: w88 casino)

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