China will remain committed to advancing high-standard opening-up and will provide more support and facilitation for foreign enterprises, Foreign Ministry spokesman Lin Jian said at a press briefing on Tuesday.
Lin made the remarks when asked to comment on the greater importance foreign enterprises attach to their China operations, as shown in recent business reports.
According to a report by the U.S.-China Business Council, 80 percent of U.S. companies surveyed believe operating in China is "very important" or "important" to enhancing their global competitiveness.
Previously, a survey report released by the German Chamber of Commerce in China also showed that the share of German automotive companies conducting research and development in China has increased significantly, in an effort to accelerate innovation and reduce costs.
Many believe this suggests that political narratives such as "de-risking" from China and "unfair competition" have limited sway over foreign firms’ decisions.
"No one is better placed than enterprises, the real market players, to say whether more cooperation with China brings risks or opportunities. Whether to choose protectionism or embrace competition and pursue innovation, enterprises have let their actions speak for themselves," said Lin.
"China's full-fledged industrial system, diverse application scenarios, high-caliber talent pool, and ever-improving policy environment offer a fertile ground for global businesses to innovate. More and more foreign enterprises are opting for 'research and development in China,' turning their Chinese manufacturing bases into innovation hubs and using China's vast market as a 'fitness club' to build up their global competitiveness. China will stay committed to advancing high-standard opening up, and provide more support and facilitation for foreign enterprises to 'create in China,'" said the spokesman.
China to provide greater support, facilitation for foreign enterprises: spokesman
