BEIJING, Oct. 29, 2024 /PRNewswire/ -- China remains the best supply chain partner for many multinational businesses, with many holding favorable views of China's latest policy measures related to foreign investment and attending major expos in China, deputy head of China's top trade promotion agency said on Monday.
Highlighting many multinationals' solid confidence in the Chinese market, a pair of upcoming major import and supply chain expos in China have attracted a significantly higher number of foreign participants, according to official data. Meanwhile, some global industry leaders such as Intel and Apple have recently moved to or vowed to expand their operations in the Chinese market.
Foreign businesses' unrelenting enthusiasm for the Chinese market is the result of China's strong economic prospects and its continuous opening-up policy, Chinese experts told the Global Times on Monday.
A recent survey of more than 400 major foreign companies conducted by the China Council for the Promotion of International Trade (CCPIT) showed that 64.9 percent of participants hold favorable views toward the supportive effects of foreign capital-related policies introduced by China's central government, and 66.6 percent hold favorable views toward those issued by local governments, Zhang Shaogang, deputy head of the CCPIT, told a press conference on Monday.
In addition, foreign vendors participating in this year's China International Supply Chain Expo (CISCE) account for 32 percent of the total number of vendors, surpassing that of last year. Among the foreign vendors, the number of those from the US tops the list, and the numbers of those from Europe and Japan are also significantly higher than last year, according to Zhang.
"This fully demonstrates that foreign companies continue to be optimistic about the Chinese market, and China is still their best supply chain partner in allocating resources globally," Zhang said at the press conference on preparations for the CISCE.
The CISCE, the world's first supply chain-themed exhibition, is scheduled to take place in Beijing from November 26 to 30. As a major platform for promoting China's high-level opening-up and an open world economy, the expo is set to attract guests from more than 100 countries and regions and over 10 international organizations.
Before the opening of the CISCE, China will kick off the China International Import Expo (CIIE), one of the world's largest import-themed expos, in Shanghai from November 5 to 10, with a record number of global industry leaders set to attend.