The scene shot on September 2 in the comprehensive exhibition area of the National Convention Center of the 2023 Service Trade Fair.Photo by Xinhua News Agency reporter Li Xin
Xinhua News Agency, Beijing, September 5th: Foreign exhibitors at the Service Trade Fair continue to increase investment in China
Xinhua News Agency reporter Zhou Qianxian Wang Siyuan
In the comprehensive exhibition area of the Beijing National Convention Center, exhibitors of foreign companies are busy explaining and demonstrating new products, services and technologies to the audience.
The 2023 China International Fair for Trade in Services will be held from September 2 to 6. Among the participating foreign companies, there are both “repeat customers” and “first-time customers”. The exhibits they bring are different, but the goal of deepening the Chinese market is the same; they have different service trade stories, but they all have confidence in investing in China .
It is understood that more than 2,200 enterprises will participate in the offline exhibition of this service trade fair, attracting more than 500 Fortune 500 companies and leading enterprises in the industry to participate in the exhibition. Among them, the internationalization rate of financial-themed exhibitors reached 47%.
The country exhibition area photographed at the China National Convention Center on September 1.Photo by Xinhua News Agency reporter Ren Chao
As an “old friend” participating in the Service Trade Fair for four consecutive years, Qualcomm presented a terminal-side demonstration of a generative AI large model that can run on Android smartphones at its booth. It can quickly understand the user’s needs described in natural language, and it takes less than 15 seconds to generate the results, without the need for networking or accessing the cloud.
Meng Pu, chairman of Qualcomm China, said: “We attach great importance to the Service Trade Fair, an important platform to showcase innovation, share experience and promote cooperation. The continuous participation in the exhibition and conference for four years is an echo of China’s continuous promotion of high-level opening up. It also shows our confidence in the development prospects of the Chinese market.”
Also exhibiting again as a member of the technology industry is Intel Corporation. This year, on the 126-square-meter booth, Intel showcased a number of its technologies and solutions in the fields of artificial intelligence, PCs, data centers, and smart retail, and announced new cooperation with a number of local partners.
Zhou Bing, vice president of Intel Corporation, said that China’s digital economy has exceeded 50 trillion yuan and has maintained rapid growth. Intel hopes to use this to open up new opportunities for the digital economy and further promote the deep integration of the digital economy and the real economy.
According to data released by the Ministry of Commerce, from January to July this year, the actual use of foreign capital in high-tech industries across the country increased by 3.8%, of which high-tech manufacturing increased by 25.3%. A total of 28,406 foreign-invested enterprises were newly established nationwide, an increase of 34%.
As a representative of global biopharmaceutical companies from the UK, AstraZeneca went to the Service Trade Fair three times. Since the beginning of this year, AstraZeneca has continued to increase its investment in China, and has successively reached a number of cooperation agreements in Qingdao, Wuxi, Taizhou and other places to increase investment and layout of production and supply in China.
AstraZeneca’s global executive vice president Wang Lei told reporters that this year the company ushered in its 30th anniversary in China. In the past 30 years, China’s medical and health care industry has developed rapidly, and China’s global strategic position in AstraZeneca has become increasingly important. It is gradually changing from a “main sales place” to a “main production place” and “main creation place”.
At a time when protectionism, unilateralism are “rising” and global economic growth is weak, China still insists on opening the door to the market. This is the reason why many “old friends” of the CIFTIS “want to come after coming”.
In the view of KPMG and Ernst & Young, who have participated in the exhibition for three consecutive years, the Chinese market has huge potential, and the fundamentals of the long-term economic growth have not changed. It is still an important destination for global investment by multinational companies.
Zou Jun, vice chairman of KPMG China, mentioned that in terms of the income of foreign investment in the past five years, China ranks among the top in the world, and under the premise of increasing global interest rates and capital use costs, investment in China can maintain a relatively good return rate, which is attractive for multinational corporations.
Bi Shunjie, EY Greater China business leader, said that China’s attraction of foreign capital mainly depends on the comprehensive advantages of the domestic market, the high-level policy dividends of opening up to the outside world, and the continuous construction of a new development pattern. The role of “stabilizer”.
The strong attraction of the Chinese market also stems from the continuously optimized business environment. The State Council of China recently issued the “Opinions on Further Optimizing the Foreign Investment Environment and Enhancing the Attraction of Foreign Investment”, proposing 24 policies and measures to support foreign investment to create a first-class business environment that is market-oriented, ruled by law, and internationalized.
This further strengthens Nestlé’s determination to seek high-quality development in the Chinese market, which is the first offline exhibition. In response to the ever-upgrading Chinese consumer goods market, at this year’s Service Trade Fair, Nestle exhibited a series of health nutrition products, office coffee solutions, pet food, drinking water and other products and services.
Zhang Xiqiang, executive vice president of Nestle Group, said that since 2020, Nestle has invested more than 1.4 billion yuan in China, and it is confident to continue investing in China in the future.
Panasonic Group, which also participated in the service trade fair offline for the first time, set the theme as “Green Wisdom Creates the Future”. “The Service Trade Fair has an important demonstration role in key areas such as green and low-carbon transformation.” Zhao Bingdi, President of Panasonic (China) Co., Ltd., said that enterprises must seize green and low-carbon business opportunities and continuously expand the application areas of products and services.
Editor: Shu Mengqing
2023-09-05 12:07:45
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