Multinational firms keen on work report angle
A1 The two sessions have been an important window for the outside world to observe China's policy trends, as well as a platform for multinational companies to explore and seize development opportunities. China's economic development, poverty alleviation and rural revitalization policies, and its determination to further open up to the outside world, foster an equitable business environment and promote mutually beneficial, win-win global cooperation, have been highly effective.
We look forward to additional policies that support our plans, such as through tax rebates for research and development efforts, and by facilitating the hiring of foreign talent.
A2 China's economy is transforming from high-speed growth to high-quality development. Green and low-carbon development is an important and responsible approach to high-quality development. We recognize that private enterprises have an important contribution to make toward carbon neutrality, and we have taken key actions to accelerate decarbonization across our operations and value chains.
A3 Despite ongoing trade tensions, disruptions caused by the COVID-19 pandemic and extreme weather events in many parts of the world, LDC delivered a robust performance in 2021, including in China. We see further potential ahead in 2022 and beyond as China's broad market offers significant opportunities for companies' growth and development. Some 400 million people belong to China's middle-income group today, and the 14th Five-Year Plan (2021-25) proposes to further expand this group, driving continuous improvements in people's livelihoods.
A4 China's two sessions over these past years repeated emphasis on topics like the Belt and Road Initiative, and trade and investment liberalization and facilitation, demonstrating the country's commitment to the concept of openness and sharing, which China both benefits from and contributes to. Sharing and co-building are also core to LDC's business model, and strengthening exchanges and cooperation with our Chinese partners is therefore key to LDC's business and growth strategy.
A5 China is a priority market for LDC, where we continue to seek opportunities to expand our presence and capacity through cooperation with trusted local partners bringing complementary expertise. For instance, we have invested in the production of high-end aquatic feeds in Tianjin, recognizing growing demand for fish protein. We also signed several new cooperation agreements in Jiangsu, Guangdong and other provinces－for example, with River& Ocean Cereals and Oils (Jiangsu) Ltd, to build an additional oilseeds crushing facility in Zhangjiagang, Jiangsu province.
