Foreign-financed enterprises: Central conference on economic work issues major signal that will further boost market expectations and global business confidence
China Daily, December 22. According to Hong Kong’s South China Morning Post, the Central Economic Work Conference will be held in Beijing from December 15 to 16. The meeting stressed the need to vigorously develop the digital economy and support platform companies in driving development, creating jobs and demonstrating their talent in international competition.
According to China Daily, market observers and business executives said on the 19th that China’s efforts to build an institutional system conducive to high-level openness and seek to join high-level economic and trade agreements will further raise market expectations and global business expectations in 2023. Confidence. This is in response to a series of policy measures to promote economic growth proposed at the Central Economic Work Conference. The Central Economic Work Conference stressed that more efforts will be made to attract and use foreign capital, expand market access, increase the openness of modern service industry, and implement national treatment for foreign-funded enterprises.
Ding Shuang, head of Greater China research at Standard Chartered Bank, said: “This message sends a positive signal that will help revive private sector and platform economy expectations.
Zhao Ping, deputy director of the Research Institute of the China Council for the Promotion of International Trade, said that in order to achieve these goals, China will further adhere to the standard economic and trade rules next year, create more market-oriented law and business environment and be more open to multinational companies.
Chen Weili, chief executive officer of US athletic shoe and apparel company Skechers, said that as China sends strong signals that boosting domestic demand will be a top government priority in 2023, Skechers will put the number of stores across the China has grown from around 3,000 this year to 6,000 by 2026.
German pump system supplier Wilo Group plans to open a new factory next year in Changzhou, Jiangsu province. “Once the factory is operational, our products will be supplied to the Chinese market and exported to other emerging markets,” said Lyman Tu, vice president of Wilo Group China and Southeast Asia.
The South China Morning Post believes that China is determined to show the world that it is doing everything to get the economy back on track.
