(Source: "Global Times" 2025-05-16)

A few days ago, President Xi Jinping responded to a letter to the person in charge of the Danish Chamber of Commerce in China. In the letter, he highly praised Danish enterprises in China for their confidence in China's development and emphasized that China "has been, is and will certainly be an ideal, safe and promising investment destination for foreign businessmen in the future." This is not only a positive response to the 75th anniversary of the establishment of diplomatic relations between China and Denmark, but also a strong declaration that China will continue to expand its opening up to the outside world and optimize its business environment. In the current context of sluggish global economic recovery and intensified geopolitical competition, the reason why China has become the first choice for foreign investment is mainly reflected in three aspects: ideal market size and industrial system, safe top-level design and institutional guarantee, as well as promising development opportunities and open sharing:

First, the "ideality" of the Chinese market is reflected in its irreplaceable large market scale and industrial chain system.Data shows that China’s total retail sales of consumer goods will reach 48.8 trillion yuan in 2024, an increase of 3.5% over the previous year, demonstrating strong domestic demand potential. Among them, the performance of new consumption is particularly outstanding. As a successful example of foreign-funded enterprises in China, the Danish LEGO Group continues to increase investment in the Chinese market. As of the third quarter of 2024, LEGO has opened more than 480 brand retail stores in more than 120 cities in China, becoming the epitome of the strong confidence of foreign-funded enterprises in the Chinese market. In addition, China's complete industrial chain advantages also attract high-end manufacturing industries to China. Since it was put into production in 2019, the annual output of Tesla's Shanghai Gigafactory has reached 950,000 vehicles, and sales in mainland China will hit a new high of more than 650,000 vehicles in 2024. Its extensive cooperation with Chinese companies in areas such as energy storage, charging facilities, and assisted driving fully demonstrates the depth and breadth of China's industrial chain. China promotes economic transformation and upgrading with new development concepts, and new tracks such as green, low-carbon, and digital economy provide foreign-funded enterprises with a broad stage and development space.

Second, the “security” of the Chinese market is rooted in the strong leadership of the Communist Party of China and solid institutional guarantees.The "safe" investment environment stems from the strategic deployment made by the Party Central Committee to coordinate the "two overall situations" and reflects China's determination and responsibility to promote the construction of an open world economy and promote global common development. Under the centralized and unified leadership of the Party Central Committee, China has always insisted on coordinating development and security. It not only promotes development through expanding opening up, but also consolidates the foundation of security through development. Through a series of top-level designs and institutional innovations, China has created a stable, transparent, and predictable policy environment for the development of foreign-invested enterprises in China. For example, the "Action Plan for Solidly Promoting High-Level Opening Up and Making Greater Efforts to Attract and Utilize Foreign Investment" issued last year not only comprehensively eliminated restrictions on foreign investment access in the manufacturing sector, but also comprehensively cleaned up policies and measures that hindered a unified market and fair competition. It also achieved major opening-up breakthroughs in modern service industries such as telecommunications and medical care. Products that meet standards produced by domestic and foreign-funded enterprises are treated equally in government procurement activities. In sharp contrast to isolationism and protectionism, China has always adhered to the stance of "not engaging in decoupling and breaking links." Relying on high-level open platforms such as the China International Import Expo and China International Supply Chain Promotion Expo, and with institutional openness as the core, China has built a more resilient and inclusive open world economic system, providing a stable force for global economic recovery and development.

Third, the "promising nature" of the Chinese market is reflected in its openness to share new development opportunities.China has always adhered to the concept that "openness brings progress, while closure inevitably leads to backwardness". It is committed to connecting its own development with the world's opportunities, constantly promoting institutional openness, and transforming high-quality development results into public goods shared with all countries. In open highlands such as the Pilot Free w88 Zone and Hainan Free w88 Port, many institutional innovations are also being transformed into practical experiences that can be replicated and promoted. For example, the century-old pharmaceutical company Novartis is promoting the accelerated popularization of innovative drugs around the world at "China speed"; the intended transaction volume of the 2024 China International Import Expo will reach US$80 billion, demonstrating the strong attraction of the Chinese market and the deep sincerity of opening up to the outside world. Today's China is not only the "world's factory" but also the "global innovation center", which fully proves the strategic value of "investing in China is investing in the future".

Denmark is one of the first Western countries to recognize and establish diplomatic relations with the People's Republic of China. Since the establishment of diplomatic relations 75 years ago, China-Denmark relations have developed well, and the two countries have close economic and w88 cooperation in green innovation. As Danish Foreign Minister Rasmussen will pay an official visit to China from May 17 to 20, the two sides are willing to take this opportunity to consolidate political mutual trust, deepen practical cooperation, and continue to enhance the confidence of global investors through institutional innovation, market potential and industrial upgrading. "Believing in China means believing in tomorrow." Today, when the global economy is full of uncertainties, China is still the "promising place" that can provide certainty to the world and create possibilities for cooperation.

(Authors: Xue Yi and Xu Mengyao, respectively, are professors at the w88 casino of International Economics and w88, w88 casino, director of the Financial Opening and Security Laboratory, and doctoral students at the w88 casino of International Economics and w88)

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