Chinese Foreign Ministry Spokesperson Lin Jian

China will continue to improve its business environment, provide foreign businesses with more policy incentives, and welcomes more foreign businesses to come to China, a spokesperson for the Chinese Foreign Ministry (FM) said on Tuesday. 

At the FM's regular press briefing, a reporter noted that recently, a good number of foreign businesses have continued their investment in China. The Danish Chamber of Commerce in China and the German Chamber of Commerce in China mentioned that European companies are fully motivated to continue to invest in China. AI, digital twins, driverless cars and other new technologies are the blue ocean for their cooperation with China. 

Meanwhile, the American Chamber of Commerce in China said in its latest survey that most US companies are not planning to exit China, and many foreign businesses also ramp up R&D and innovation for localization, the reporter noted, according to the FM.

Asked to comment on these developments, Lin Jian, the FM spokesperson, said that the fact that more foreign businesses are betting on China says a lot about the stability and certainty that China's high-quality development and opening up provide and how much they are valued by the rest of the world, and it is also the result of the strong dynamism created by China's new quality productive forces and innovation ecosystem.

To speed up institutional opening up, China launched the 2025 Action Plan for Stabilizing Foreign Investment, and revised and expanded the Catalogue of Encouraged Industries for Foreign Investment. Those new policy incentives cover sectors such as high-end manufacturing, digital economy and other frontier areas, Lin noted. 

In the first five months of this year, over 73,000 foreign companies generated imports and exports in China, hitting a five-year high. Right here in China, innovation breakthroughs keep coming, there is enormous demand for new industries and business formats, plus China's unique advantages such as complete industrial and supply chains, abundant human resources and a well-developed innovation ecosystem, according to Lin. 

"From a manufacturing giant to an innovation powerhouse, China continues to offer the world opportunities through its progress. We will continue to improve the business environment, and provide foreign businesses with more policy incentives. We welcome more foreign businesses to come to China with a global perspective, and achieve win-win and all-win results as China looks to unleash new quality productive forces," the FM spokesperson said.

Global Times