2025-03-28
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A wave of US Executives has visited China in the past week, meeting with top Chinese officials.
Why are American firms still betting big on the Chinese market?
Welcome to ROAD Today, the panel discussion with me GE ENNA in Beijing.
Chinese President Xi Jinping has met representatives from the international business community in Beijing.
Authorities have reaffirmed commitment to create a more favorable business environment and provide improved support for foreign invested enterprises.
Over the past week, heads of some 80 multinationals including Siemens, Apple,
Samsung and Pfizer have flocked to China to seek new cooperation opportunities with nearly 30 US companies,
more than any other foreign country represented at the China Development Forum.
Prior to the event,
British pharmaceutical giant AstraZeneca signed a landmark 2.5 billion US dollar agreement to invest in Beijing over the next five years,
the largest single investment in Beijing's biopharmaceutical sector in recent years.
During the meeting with senior Chinese officials,
Apple CEO Tim Cook also expressed continued confidence in the Chinese market,
emphasizing plans to increase investment in the country from supply chains to research and development centers and to social responsibilities.
Official data has shown that China remains a top destination for transnational investment.
Some 60,000 foreign invested companies were established in China in 2024 alone,
an almost 10% year on year increase.