(Source: CCTV Financial Review 2025-03-24)

Moderator:At this year’s annual meeting of the China Development Forum, we heard the names of many multinational companies that are familiar to everyone. Let’s first ask Principal Zhao, what kind of information can you read from the list of companies participating in this year’s meeting? In addition, we have seen that in addition to many old friends, the number of companies participating in our annual meeting for the first time this year has also reached a new high. What kind of information does this release?

Zhao Zhongxiu:We have seen that many of these famous multinational companies are century-old companies that have been deeply involved in China for many years. It should be said that the China Development Forum is an observation tower for observing the economic development of China and the world, so they will not be absent. However, we have seen some cutting-edge companies coming here for the first time, because China represents future opportunities. So we see that deepening China's development and embracing the future go hand in hand. The development of China itself is also the development of the world economy. Therefore, it is the right choice for multinational companies to invest in China and grow together with China.

Moderator:In the reporter's interview just now, we saw that the chairman of Mercedes-Benz said that he wanted to embrace China's speed. Principal Zhao, do you think his expression represents the common aspiration of the companies coming to China this time? So over the years, what new features do you think China has shown in its attraction to these foreign-funded enterprises?

Zhao Zhongxiu:Yes, he expressed the sentiments of these famous multinational companies. We know that Mercedes-Benz is a century-old company. In the past, it could be said that it had a very significant technological generation gap in the Chinese market. It could be said to be overwhelming. In addition, it had a comprehensive advantage. When Chinese companies compete with it on the same stage, they still have obvious disadvantages. Take the Chinese automobile industry as an example. But today, this situation has fundamentally changed. With the advancement of science and technology and the development of talent education in China, China's industrial iteration is also accelerating, and the ecology of entrepreneurship and innovation is also constantly optimized. In other words, many multinational companies have seen that China is not only a big market, but also a big field for innovation. They must compete, cooperate, achieve mutual success with Chinese companies on the same stage, and share innovative resources. Only then can they promote their own progress and gain new strength from China's continuous iterative development. If it is in a lonely market, then his own progress is actually frozen. Therefore, China is a hot spot for innovation. This is China’s speed. We see that it is obviously accelerating now. If it is absent, it may be out.

Moderator:China sincerely welcomes the return of international capital to China. With such a sincere attitude, I actually think the market will be particularly concerned about what concrete high-level opening-up measures we can all look forward to in the future.

Zhao Zhongxiu:China's opening up has entered a new level and a new stage. What we are talking about is institutional opening up. In fields like this, we have now opened up all manufacturing industries in the China w88 Zone, so the next step will focus on the service industry. The service industry has 12 departments, and it must continue to deepen regional opening up. In fact, China is opening up all regions, from the eastern coast to the central part to Yanbian, etc., all are opening up in an all-round way. Secondly, the rules are also opening up, so we now have high-standard economic and w88 rules, including CPTPP, and also digital w88. We are constantly promoting the integration with the current rules prevailing in the world, which is also an important aspect of optimizing the business environment. In addition, in terms of management, our practices must be in line with international standards, including some of our internal regulations, etc., and we must also be open to them. What is also very important is that standards must also be aligned. In many aspects, international standards are very clear, and we accept them with an open mind. In fact, this is what we have been doing for the past few decades. In places where standards are not yet so complete or mature, China must use some best practices to raise them to international standards to lead the development of the world. In short, it requires an open world environment. On the one hand, we benchmark against standards, on the other hand, we are independent and open, and we control the pace independently. We are clear about the future. So, this is our leading role. Also, we call it unilateral openness, and we do not require reciprocity. Now there is a word interview called reciprocity. In fact, we believe that opening up is more conducive to the development of our country and the development of the world. Unilateral opening up, especially to underdeveloped countries, allows them to enjoy the huge dividends of China's development. For cross-company companies, they need to jointly develop the third market for China and the world, which requires a stable international economic environment and international economic order. This is what we want to promote. So we see that w88 in services should be orderly and more open. On the other hand, now that we have entered the digital age, also called the intelligent age, many rules are not yet particularly clear, but the improvement of infrastructure is obvious to all, and China actually still has strong capabilities. Therefore, we also expect that with the continuous upgrading and expansion of digital infrastructure, the digital future is promising for the entire world economy.

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