MNCs swear by Chinese market

Executives of multinational corporations have said a review of the latest Government Work Report has given them immense confidence in China's economic prospects, given the new focus on technological innovation and industrial upgrade, and the 2024 GDP growth target of around 5 percent.

They pledged efforts to seize new business opportunities arising in the world's second-largest economy, saying that their long-term commitment to the Chinese market remains unchanged.

The long-term fundamentals of China's economy remain intact despite pressures and challenges, and Canon is confident that China can achieve its 2024 GDP growth target, said Howard Ozawa, executive vice-president of Japanese tech conglomerate Canon Inc, and president and CEO of Canon China.