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Why China has become a ‘development oasis’ for global businesses: Global Times editorial

2025-03-29 09:02:28       source:Global Times

March 29, 2025


On Friday morning, President Xi Jinping met with representatives of the international business community at the Great Hall of the People in Beijing. More than 40 global chairmen and chief executive officers of foreign businesses as well as representatives of business councils attended the meeting. This high-level meeting has attracted widespread attention and interpretation from international media. It demonstrated China's firm determination to further expand high-level opening-up and sent a clear message to the world from the highest level: Embracing China is embracing opportunities, believing in China is believing in a better tomorrow, and investing in China is investing in the future.


In the meeting, President Xi highlighted the role of foreign businesses by using the term "important participants" three times. He closely linked foreign enterprises to the Chinese modernization drive, reform and opening-up and innovation, as well as China's interconnectivity with the world and integration into economic globalization. This not only highly affirms the historical role of foreign businesses but also expresses earnest expectations for these "fellow travelers." President Xi also pointed out the four major advantages that make China a favored choice for foreign investment and business operations: a vast stage for business development, vast market prospects, stable policy outlook and a secure environment. He emphasized that "China has been and will remain an ideal, secure, and promising destination for foreign investors." These statements demonstrate that China's commitment to expanding high-level opening-up is not a stopgap measure but a long-term strategy with a vision for the world, the future and common development.  


President Xi's important remarks have both broad historical depth and strong practical relevance. President Xi pointed out the significant responsibility of multinational companies in maintaining the global economic order. They are expected to safeguard the multilateral trading system, maintain the stability of global industrial and supply chains, protect the international environment for openness and cooperation, and advance economic globalization in the right direction. This call has received widespread attention and reporting from international media and is regarded as an important voice for stabilizing global trade in the current environment. It also shows that foreign businesses are not only "participants" in China's development but also drivers of historical trends. Their cooperation with China is not only at the economic level but also carries epochal significance in terms of values.


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https://www.globaltimes.cn/page/202503/1331116.shtml