China instills confidence for growth

China has instilled global enterprises with greater confidence as the world's second-largest economy has placed a high premium on technological innovation and opening-up at a time when the world is grappling with a confluence of challenges, said a senior executive.

"We see that the Chinese government's sustained emphasis is on transforming the country toward high-quality growth driven by new quality productive forces," Marc Horn, president of Merck China, told China Daily during the recently concluded China Development Forum 2025.

China has been focused on driving innovation through open collaboration, bringing in foreign direct investments and creating a playing field where multinational firms can bring their global expertise to China while also learning from the innovations coming out of the country, Horn said.