China market remains big draw for most MNCs

Q2 In your view, how will the reform and opening-up measures rolled out at the plenum help strengthen the Chinese economy and bolster its prospects of achieving modernization? Do you think China's new reform and opening-up blueprint will make fresh contributions to the global economy? If yes, how?

YOOVIDHYA: The reform and opening-up measures introduced at the plenum are comprehensive and significant. They aim to comprehensively promote industrial upgrades, boost innovation and improve market mechanisms, thus providing a solid foundation for long-term stable growth of the Chinese economy. These measures are clear and targeted, effectively enhancing China's overall efficiency and international competitiveness, steering the economy toward higher quality, fairness and sustainability.

From a global perspective, China's further opening-up will create more extensive cooperation opportunities and strong growth momentum for the global economy. As the Chinese market continues to expand and deepen, global companies can more thoroughly participate in China's economic development, fully sharing the benefits of China's reforms and achieving mutual gains. Additionally, China's reforms and openness will provide new ideas and effective models for global economic governance, contributing unique Chinese insights and practical solutions to complex global issues. China now serves not only as the "world's factory", but also as a "global market" and "R&D hub".

ZHU: The reform and opening-up measures introduced at the plenary session will strengthen the Chinese economy and enhance its modernization prospects through a variety of initiatives. By continuing to uphold open policies and align with high international economic and trade standards, these measures will undoubtedly contribute to the global economy.

As a foreign enterprise, we have experienced the numerous conveniences brought by these reform and opening-up measures, which have not only improved our business environment, but also increased our confidence in the Chinese market. Particularly, the simplification and acceleration of license application processes have greatly enhanced our business efficiency, allowing our products to reach the market more quickly and providing us with greater confidence and motivation in the research and development of new innovations.

TSAO: The reform and opening-up measures introduced at the plenary session will further stimulate market vitality and innovation, driving high-quality economic development. This will not only contribute to the modernization of China's economy, but also inject new momentum into the global economy. China's blueprint for reform and opening-up, through optimizing its market environment, enhancing technological innovation capabilities and expanding openness, is certain to bring about more high-quality products and services. Additionally, these measures will promote international cooperation and technological exchanges, providing strong support for the stability and development of global industrial and supply chains.

CHEN: The plenary session has stressed the importance of advancing comprehensive reform measures, which are set to significantly improve the operational efficiency of the economy and infuse it with new energy for growth. Furthering high-level openness will create more international collaboration opportunities for China's economy, favorably positioning it to attract foreign investment, technology and skilled personnel, thus facilitating industrial upgrading. These initiatives are expected to enhance the innovative capacity and international competitiveness of Chinese enterprises, propelling an economic shift toward higher-quality development.