Current location:politics >>
Industrial upgrading to offer better prospects for foreign firms
politics5843People have gathered around
IntroductionChina's efforts to advance new industrialization and accelerate the establishment of a modern indust ...
China's efforts to advance new industrialization and accelerate the establishment of a modern industrial system will not only provide broad space for deeper international cooperation in industrial and supply chains, but also create enormous opportunities for multinational corporations to invest in the country, said government officials and business executives.
They added that scientific and technological innovation will inject strong momentum into China's economic recovery, while foreign companies can play a bigger role in bolstering the high-quality development of the world's second-largest economy.
Jin Zhuanglong, minister of industry and information technology, said that China will continue to expand high-level opening-up, implement the measures regarding the complete removal of restrictions on foreign investment in the manufacturing sector and deepen mutually beneficial cooperation with companies across the globe, in order to bolster the optimization and upgrade of industrial and supply chains.
Jin made the remarks on Monday at the China Development Forum 2024 in Beijing, emphasizing that foreign-funded enterprises are playing a vital role in stabilizing China's industrial economy and promoting high-quality development. The two-day forum ended on Monday.
Despite facing mounting uncertainties and challenges, including a complicated and grim external environment, China is willing to work with other countries to establish a global industrial and supply chain system that is secure, stable, smooth, efficient, open, inclusive and mutually beneficial, Jin said.
More efforts will be made to support foreign businesses to establish research and development centers in China, carry out technological research and industrial applications in collaboration with Chinese companies, and expand international cooperation in digital transformation as well as green and low-carbon development of the manufacturing industry, he added.
With its output accounting for more than 30 percent of the global total, China is the world's largest manufacturer, ranking first for 14 consecutive years, according to the ministry.
Ola Kaellenius, Mercedes-Benz Group's chairman of the Board of Management, who attended the forum, expressed the company's commitment to deepening its footprint in China, advancing electric and digital transformation along with Chinese partners, and supporting China's ongoing modernization and the development of new quality productive forces.
"Today, China is not only the largest market for new energy vehicles, but also an innovation hub with industry-leading companies and a mature NEV supply chain. We believe the Chinese market will continue to grow and play a leading role in bringing new innovations to our industry," Kaellenius said.
China has been sending positive signals to advance high-level opening-up in recent years, significantly strengthening the confidence in the market, Kaellenius added.
"The modernization of industrial systems hinges on collaboration and openness," said Stefan Hartung, chairman of the board of management at Robert Bosch, emphasizing that the company remains confident in China's promising business landscape and technological advancements, and stands poised to contribute to the evolution of a modern industrial system.
Bosch, as one of the first foreign companies to invest in China, has witnessed rapid growth alongside local partners and customers. Currently, the German company has a robust presence, boasting 34 manufacturing sites and 26 research and development centers in the Chinese market.
Moreover, innovative digital technologies including 5G, big data and artificial intelligence have been increasingly applied to bolster the digital transformation and upgrade in traditional industries, and to speed up the building of a modern industrial system.
Liu Liehong, head of the National Data Administration, said at the forum that to further propel the deeper integration of digital technologies with real economy and unleash the value of data resources, the country will step up efforts to improve the basic system for data elements, expand the industrial application scenarios of data and accelerate the construction of digital infrastructure such as computing networks.
Liu also stressed the need to promote and standardize cross-border data flow, work with major economies worldwide to establish a cooperation mechanism concerning cross-border data flow, and participate in the formulation of global digital rules to expand high-level opening-up in the data domain.
Denis Depoux, global managing director of consultancy Roland Berger, said foreign enterprises have been and will hopefully remain key contributors to China's industrial modernization drive, particularly in areas like automation and digitalization of industrial and supply chains, where multinationals have strong positions globally, including in China.
Li Dongsheng, founder and chairman of Chinese consumer electronics maker TCL Technology Group, called for strengthening exchanges and cooperation with foreign counterparts to bolster the digitalization of China's manufacturing sector, exploring mutually beneficial and orderly international rules related to digital economy, and expanding cooperation in the intellectual property rights of digital transformation.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earth Examination news portal”。http://congorepublicofthe.boluescortbayan.net/news-54b399874.html
Related articles
FDIC chairman Martin Gruenberg to step down, White House says
politicsNEW YORK (AP) — The White House said Monday that the chairman of the Federal Deposit Insurance Corpo ...
【politics】
Read moreYoung People Infuse Vibrancy into Chinese Square Dancing
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read moreLife Skills Improve Lives for Those with Disabilities
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
- Online reading or offline clubs? Young Chinese embrace both in digital era
- Heating Services Against Strong Cold Wave That Sweeps Across Most Parts of China
- 10th National Constitution Day Marked in China
- School Life in Damxung County, China's Xizang
- Ravens sign WR Qadir Ismail, the son of former NFL receiver Qadry Ismail
- University Opens Course to Improve Parenting Skills
Latest articles
Wildfires sweep across Finland, straining rescue services
Xinjiang's Kashgar Witnesses Rapid Development as Gateway for Opening Up
Xinjiang Sees Record Tourist Arrivals As Security Improves: Regional Chair
China, Germany financial cooperation yields fruitful results
Colton Herta shows speed as Honda fights back in penultimate Indy 500 practice session
Xinhua Headlines: Rescuers Battle Cold, Aftershocks to Help NW China Earthquake Victims
LINKS
- News organizations have trust issues as they gear up to cover another election, a poll finds
- NATO chief chides allies for not being quicker to help Ukraine
- Red Bull chief technical officer Adrian Newey to step down from F1 team
- Ford recalls Maverick pickups in US because tail lights can go dark, increasing the risk of a crash
- No need to guess: Mom knows best what she wants for Mother's Day
- If you liked Baby Reindeer, stream these dark and...
- Indonesia’s Ruang volcano spews more hot clouds after eruption forces closure of schools, airports
- UNC's RJ Davis is returning to school for a 5th season. He was an AP 1st
- Tottenham manager Postecoglou jokes he's moving to Sweden for a life without VAR
- Taylor Swift is being given too much airtime by the BBC, exasperated viewers tell the corporation