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China as a ‘development oasis’ for global businesses

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01.04.2025

China has reaffirmed its position as a pivotal player in the global economy, offering a stable and promising environment for foreign investment. On March 28, President Xi Jinping met with over 40 top executives from multinational corporations at the Great Hall of the People in Beijing, underscoring China’s commitment to high-level opening-up and economic globalization. This significant engagement, followed by major international business conferences like the China Development Forum and the Boao Forum for Asia, signals China’s ongoing efforts to solidify its appeal as a “development oasis” amid global economic uncertainties.

President Xi’s meeting with international business leaders emphasized China’s unwavering dedication to fostering an environment conducive to foreign investment. By referring to foreign businesses as “important participants” three times during his speech, Xi Jinping made it clear that China sees multinational corporations not just as economic contributors but as essential partners in its modernization journey. His message was clear: “Embracing China is embracing opportunities, believing in China is believing in a better tomorrow, and investing in China is investing in the future.”

China’s commitment to high-level opening-up is not a short-term response to economic fluctuations but a long-term strategy aligned with its vision of common development. The country’s economic landscape is characterized by four key advantages: a vast development stage, extensive market potential, a stable policy outlook, and a secure investment environment. These elements create a robust foundation for multinational corporations looking to expand their footprint in China.

Multinational companies play a crucial role in maintaining global economic stability. President Xi highlighted their responsibility in safeguarding multilateral trade systems, ensuring the resilience of industrial and supply chains, and fostering economic globalization. By positioning foreign enterprises as drivers of historical trends........

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