Xi Jinping Meets with Representatives of the International Business Community

On the morning of March 28, Chinese President Xi Jinping met with representatives from the international business community at the Great Hall of the People in Beijing. Photo by Xinhua News Agency reporter Li Xuren

Xinhua News Agency, Beijing, March 28 (Reporters Yang Yijun and Sun Yi) On the morning of March 28, Chinese President Xi Jinping met with representatives from the international business community at the Great Hall of the People in Beijing.
Xi Jinping welcomed the representatives from the international business community and expressed his appreciation for their long-term commitment to cooperation with China. Xi Jinping emphasized that the establishment of the People's Republic of China for more than 70 years, and especially the more than 40 years of reform and opening up, have created "two miracles" of rapid economic development and long-term social stability. This was achieved through the strong leadership of the Communist Party of China and the unity and struggle of the Chinese people, but also due to the support and assistance of the international community, including the contributions made by foreign-invested enterprises in China. Reform and opening up enabled China to rapidly enter the world market and make great strides in catching up with the times, and an important aspect of this was the active utilization of foreign investment. Foreign-invested enterprises' investment in China has driven economic growth and employment, promoted technological and management advancement, and pushed forward China's reform and opening up. Practice has proven that foreign-invested enterprises are important participants in China's modernization, important participants in China's reform, opening up, and innovation, and important participants in China's connection with the world and integration into economic globalization. In this process, foreign-invested enterprises have generally received substantial returns, businesses have continued to grow and expand, achieving mutual benefit and win-win results, and have also forged deep friendships with the Chinese people.
Xi Jinping pointed out that for many years, China has been a major contributor to and stabilizer of global economic growth, and is now comprehensively promoting Chinese-style modernization. Opening to the outside world is a fundamental state policy of China. China is promoting high-standard opening up, steadily expanding institutional opening in terms of rules, regulations, administration, and standards. The door to opening up will only become wider, and policies on utilizing foreign investment will not change. China is the world's second-largest consumer market and has the world's largest middle-income group, possessing huge investment and consumption potential. China is committed to high-quality development, with the green, digital, and intelligent transformation accelerating. It boasts strong industrial supporting capabilities and serves as the best application scenario for the new round of scientific and technological revolution and industrial transformation. China has established a relatively complete legal and policy system and work system for utilizing foreign investment, promoting the liberalization and facilitation of trade and investment, and actively fostering a world-class business environment that is market-oriented, law-based, and internationalized. China maintains long-term political stability and social stability and is recognized worldwide as one of the safest countries. These factors demonstrate that China offers a large stage for undertaking ventures, broad market prospects, stable policy expectations, and a favorable security situation, making it fertile ground for foreign-invested enterprises to invest and operate. China has been, is, and will continue to be an ideal, safe, and promising investment destination for foreign businesses. Working with China means working with opportunities, believing in China means believing in the future, and investing in China means investing in the future.
Xi Jinping stressed that the Third Plenary Session of the 20th Central Committee of the Communist Party of China has formulated a roadmap and timetable for deepening reforms to the management systems for foreign investment and outbound investment. China will further expand opening up, focusing on lowering market entry barriers; ensure that foreign-invested enterprises in China enjoy equal national treatment and maintain fair market competition; strengthen communication and exchanges with foreign businesses, providing them with as much convenience as possible for trade and investment in China, and protecting the legitimate rights and interests of foreign-invested enterprises in accordance with the law. At the same time, China will unswervingly pursue a path of peaceful development and strive to create a good external environment for the development of foreign-invested enterprises.
Xi Jinping pointed out that multilateralism is the only way to address the difficulties and challenges facing the world, and economic globalization is an unstoppable historical trend. China adheres to true multilateralism, promotes inclusive and universally beneficial economic globalization, actively participates in global economic governance, and is committed to building an open world economy. Foreign-invested enterprises, especially multinational corporations, play an important role and bear an important responsibility in maintaining the world economic order. We must jointly uphold the multilateral trading system, jointly maintain the stability of global industrial and supply chains, jointly maintain an open and cooperative international environment, and promote the development of economic globalization in the right direction.
More than 40 global chairmen, CEOs of foreign-invested enterprises, and representatives of business associations attended the meeting. Raj Subramaniam, President and CEO of FedEx Corporation; Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG; Paul Hudson, CEO of Sanofi; Noel Quinn, Group Chief Executive of HSBC Holdings plc; Toshiaki Higashihara, Chairman of Hitachi, Ltd.; G.W. Ku, CEO of SK Hynix; and Amin Nasser, President & CEO of Saudi Aramco, gave speeches.
They stated that under the leadership of President Xi Jinping, China has achieved stable economic growth through comprehensive deepening of reforms and expanding high-level opening up, which is admirable. From "Made in China" to "new productivity," China is empowering industrial transformation and upgrading through technological innovation to achieve higher-quality and more sustainable development. The prospects for the Chinese economy are bright. Against a backdrop of escalating protectionism, China's continued expansion of opening up has injected stability into the global economy, becoming an oasis of certainty and fertile ground for investment and development. China's development is a core driving force of the world economy, and China's vast opportunities and growth space are inspiring. They expressed high praise for the Chinese government's efforts in creating a fair and favorable business environment for foreign-invested enterprises, and stated that they would unswervingly expand investment and cooperation with China, cultivate the Chinese market, actively participate in the process of Chinese-style modernization, build bridges for Sino-foreign exchanges and cooperation, support the opening up of global markets, uphold international free trade, and contribute to the development of the world economy.
Cai Qi, Wang Yi, and He Lifeng also attended the meeting.
(Source: Xinhua News Agency, March 28, 2025)

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