Foreign firms enthusiastic about opening-up progress
Q2 In your view, how will the reform and opening-up measures rolled out at the plenum help strengthen the Chinese economy and bolster its prospects of achieving modernization? Do you think China's new reform and opening-up blueprint will make fresh contributions to the global economy? If yes, how?
SHIH: The plenum stressed efforts to promote wider opening-up with regard to telecommunications, the internet, and medical services sectors, which aligns with Rockwell Automation's continuous strategy of extending local cooperation in these emerging industries.
As a multinational company engaged in industrial automation and digital transformation, we are devoted to supporting our customers and partners through innovative technologies and life-cycle services. This commitment enhances the digital transformation of these sectors and bolsters China's industrial upgrading. In this process, Rockwell's global perspective and extensive resource network play a vital role in assisting Chinese partners in navigating international markets. By collaborating with them, we collectively participate in the development of China's establishment of a dual-circulation development pattern.
Moreover, through these efforts, Rockwell, alongside our local partners, seeks to support the advancement of the Chinese manufacturing sector and contribute to global economic progress through the growth of emerging industries.
ZAMAN: The plenum's reform and opening-up measures outlined several key actions: prioritizing scientific and technological innovation in socioeconomic development, advancing industrial structures toward medium-level and high-end development, expanding international cooperation and openness across all sectors, and enhancing sustainable development capabilities. These initiatives aim to fortify China's economy and establish a robust foundation for modernization.
As the world's second-largest economy, China's reform and opening-up policies will further unleash its development potential, offering increased market, investment and growth opportunities for global enterprises. This, in turn, will drive the global economy forward. At Aveva, we view China as the most promising long-term market, not only due to its scale and innovation, but also because of the country's long-term vision of sustainability, energy and efficiency.
HOMMA: I believe that the significant measures taken by the Chinese government to achieve high-quality development, such as consistently promoting high-level opening-up, improving the business environment, and ensuring equal treatment for both foreign and domestic enterprises in large-scale equipment upgrades and consumer goods trade-in programs, government procurement, and project investments, will help foreign companies seize opportunities, strengthen their presence in the Chinese market, and increase their investments in China.
AYLMER: The third plenum charted the course of the Chinese economy's future development and Chinese-style modernization by laying out over 300 development priorities and plans, including high-level reform and opening-up. The resolution of the plenum prioritizes further opening-up as the major development initiative, with a focus on aligning with the high standards of regional trade agreements. Reform and opening-up remain key drivers of China's economic growth, especially amid the current complex external environment. We believe China will remain a key contributor to global economic growth, and there are tremendous opportunities in the world's second-largest economy.
