BEIJING: As per a report from China Economic Net (CEN), the Global Trade and Investment Promotion Summit, held in Beijing on Monday under the theme “Mutual Trust and Cooperation: Navigating through Profound Changes,” convened more than 300 delegates from 39 countries and regions, along with 170 foreign organisations. Additionally, all 18 foreign business groups operating in China were in attendance.
“China is the top trader and top exporter in global trade. I believe it’s extremely important to be present in the Chinese market to be part of the innovation and speed”, Lorenzo Riccardi, Chairman of China-Italy Chamber of Commerce, told CEN at the Global Trade and Investment Promotion Summit.
“Representing roughly 40 percent of our exports, China is our largest single market, and it remains to be one of the fastest growing markets. Having been present here for 40 years, we continue to increase our investments in China to take advantage of the opportunities presented by the Chinese economy’, Pablo Machado, Glob
al Executive Director of Brazil-based manufacturing giant Suzano told CEN.
At the summit, the Beijing Initiative was released, calling for accelerated economy recovery by maintaining the stability of industrial and supply chains, embracing the transformative force of AI, transitioning to green development and forging win-win business partnerships.
‘It is a positive signal for China’s commitment to openness and cooperation’, a representative of Canada China Business Council said to CEN.
Secretary-General of European Chamber Adam Dunnett told CEN that last year alone, 45 percent of the chamber members saw wider opening in their respective sector, especially in the areas of financial services, cosmetics, and food and beverage. ‘The negative list is getting shorter. Meanwhile, the explosion of Chinese exports to Europe has brought opportunities to the consumers and reduced Europe’s reliance on older technologies and energy’, he said.
‘Chinese companies, especially the electric vehicle companies are producing
great products, There’s a lot of room and opportunity for these to be sold worldwide, and when global partners are involved, overcapacity is not a problem’, a representative of Switzerland-headquartered company Cedrus Investment told CEN.
Source: Emirates News Agency