Jul 7, 2019, 11:45 PM
Michael Wang is a very sharp, young moderator who asks incisive questions. The panel responds with thoughtful answers.
The take away? China is continuing to reform and open up market access to foreign investment, the domestic market is poised to boom as urbanization increases and the service sector expands. The outlook for foreign companies doing business in China will improve significantly with the new foreign investment law, greater access to the growing interior domestic market and China's maturation as a market-oriented economy. All outstanding concerns that foreign companies may have doing business in China will be resolved by the continual natural progression of economic reform and opening up. Furthermore, as stated by one of the panelists, this has nothing to do with external pressure from tariffs, but is a result of the internal dynamic of the reform and opening up process. In other words, the "trade war" will not be a determining factor in China's long-term growth which is very favorable for foreign investment.
China’s new foreign investment law signals further opening-up while attracting fresh capital to its slowing economy to boost market confidence. What will change for local and foreign enterprises?
- Li Pengyu, Secretary, CPC Working Committee; Director, Administrative Committee, Dalian Jinpu New Area, People's Republic of China
- Yasushi Akahoshi, President, Japan External Trade Organization (JETRO), Japan
- Yuan Ding, Vice-President and Dean, China Europe International Business School (CEIBS), People's Republic of China
- Jennifer Susan "Sue" Kench, Global Chief Executive, King & Wood Mallesons, Hong Kong SAR, China
- Lex Greensill, Co-Founder and Chief Executive Officer, Greensill, United Kingdom
Moderated by - Michael Wang, Anchor, Global Business, China Global Television Network (CGTN)
The take away? China is continuing to reform and open up market access to foreign investment, the domestic market is poised to boom as urbanization increases and the service sector expands. The outlook for foreign companies doing business in China will improve significantly with the new foreign investment law, greater access to the growing interior domestic market and China's maturation as a market-oriented economy. All outstanding concerns that foreign companies may have doing business in China will be resolved by the continual natural progression of economic reform and opening up. Furthermore, as stated by one of the panelists, this has nothing to do with external pressure from tariffs, but is a result of the internal dynamic of the reform and opening up process. In other words, the "trade war" will not be a determining factor in China's long-term growth which is very favorable for foreign investment.
China’s new foreign investment law signals further opening-up while attracting fresh capital to its slowing economy to boost market confidence. What will change for local and foreign enterprises?
- Li Pengyu, Secretary, CPC Working Committee; Director, Administrative Committee, Dalian Jinpu New Area, People's Republic of China
- Yasushi Akahoshi, President, Japan External Trade Organization (JETRO), Japan
- Yuan Ding, Vice-President and Dean, China Europe International Business School (CEIBS), People's Republic of China
- Jennifer Susan "Sue" Kench, Global Chief Executive, King & Wood Mallesons, Hong Kong SAR, China
- Lex Greensill, Co-Founder and Chief Executive Officer, Greensill, United Kingdom
Moderated by - Michael Wang, Anchor, Global Business, China Global Television Network (CGTN)
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