MNCs share optimistic outlook on China market

Q4 This year marks the 45th anniversary of China's famed reform and opening-up policy. In this context, in which areas do you expect more progress? How is your business likely to benefit?

POIROT: China has achieved rapid economic and social developments and has reiterated its commitment to a higher-quality and mutually beneficial opening-up strategy to the outside world. With China's determination to share opportunities in its vast market, I expect to see broader and deeper international cooperation. With the new catalog of encouraged industries for foreign investment coming into full effect, the industry landscape will see new changes with more investment in advanced manufacturing sectors, including electronics, automaking, shipbuilding and pharmaceuticals, to which we supply essential molecules and systems. We'll also take part in optimizing the regional distribution of resources and upgrading industrial transformation by expanding cooperation in the central and western regions to contribute to a more balanced development.

XIA: Opening-up brings win-win results for both domestic industries and foreign players. Bringing our global expertise and experience to the Chinese market, Evonik gets closer to local customers and becomes more competitive in the global market. As China embarks on a journey of green and high-quality transformation, opening-up at a higher level is essential. We look forward to policies that help deepen cooperation in technological innovation, industrial consolidation, and in key industries like advanced manufacturing, high-tech and environmental protection. This will not only propel growth, but also create new value over the long term.

XIE: As a long-term partner of China for 50 years, Vale is very proud to have witnessed the entire process of China's reform and opening-up that started in 1978 as both a beneficiary and a contributor. On the one hand, we have supplied China with more than 2.8 billion tons of high-quality iron ore products, which have contributed to the economic development of the country. On the other hand, China has been our largest market since 2006 and the destination of more than 50 percent of our iron ore products since 2014. The growth of Vale has been closely connected with the development of China, especially after the country started its famed reform and opening-up.

AGARWAL: Henkel's business footprint is deep in China and the large domestic market plays an important role in our global operations. Starting with importing products to the Chinese market more than 50 years ago, today, Henkel is innovating in China, for China, while providing international markets with sustainable innovations created in China. We have witnessed the nation's reform and opening-up, growing alongside the country and making continuous investments that have supported the development of the local industry and workforce. Moving forward, we look forward to initiatives that build an even stronger business environment across different categories and further promote international cooperation.

MACCORMAC: China is a vitally important market for us and it will only be more important in the future. Our relationship with China has gone far beyond selling products and equipment, and has extended into supply chain and people development. We are fully committed to the Chinese market with a growing footprint and increased investment over the years.