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在线翻译:
szdaily -> China -> 
‘Invest in China Year’ launched in Guangzhou
    2023-03-30  08:53    Shenzhen Daily

CHINA’S high-quality develop-ment, which is characterized by accelerated innovation, coordinated urban-rural and regional development, expanded consumption and upgraded industries, will offer foreign businesses broader room for development, China’s Vice Premier He Lifeng said Tuesday.

China will promote its high-standard opening up in a steadfast manner, implement supportive policies for foreign companies and continue to build a sound business environment, He said at the “Invest in China Year” launch ceremony.

China will not change its policy on foreign investment and will make greater efforts to attract investment, He said.

He said the economy is seeing notable recovery and various pro-growth policies are taking effect.

“It is the right time for foreign companies to increase their investment in China,” He said.

Guangdong is an important destination for multinational corporations to invest in, and they have become participants, promoters and beneficiaries of Guangdong’s opening up.

The corporations are optimistic about China’s development prospects.

“Since 2020, we have established new business bases in 14 regions in China, including six in Guangdong,” Tetsuro Homma, CEO of China and Northeast Asia for Panasonic, said at the launch ceremony.

Panasonic has invested in Guangdong for over 30 years, setting up 11 companies with a total of 17,000 employees and annual sales of 17 billion yuan (US$2.48 billion).

“I am glad to reunite with China after the pandemic. Over the past week, I have been to Shanghai, Guangzhou, Shenzhen and Beijing, and I am pleased to see the rapid recovery and surging momentum of the Chinese economy,” Noel Quinn, HSBC Group CEO, said.

“The strongest message I received here is open and sustained economic reform, which includes a strong confidence in China’s economic growth prospects, a willingness to continue opening up the economy to the global market, expectations for the global market to invest in China, especially in Guangdong Province and a strong message that drives the new ‘dual circulation’ development pattern. In addition, there is a message of cooperation to jointly address the economic challenges facing the world today and for better cooperation to seek future opportunities,” Quinn said.

Dr. Markus Kamieth, a Board of Executive Directors member in BASF SE, said that China has gathered many rapidly developing industries and numerous BASF customers, and BASF continues to be bullish on the Chinese market and continues to increase its investment in China.

(SD-Xinhua)

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