Corporations aim for more China presence

Opening-up expected to facilitate better business, shore up investors' confidence

Multinational corporations have vowed to deepen cooperation with their Chinese partners and seize the huge opportunities presented by China's sharpened focus on bolstering technological innovation and industrial upgrade, reaffirming their long-term confidence in the world's second-largest economy.

Highlighting China's pivotal position in global industrial and supply chains, top company executives noted that the country's unwavering commitment to advancing high-standard opening-up will contribute to a more favorable business environment, shore up the confidence of foreign investors and drive global economic growth despite mounting external challenges.

Their comments follow the tone-setting Central Economic Work Conference held earlier this month, which underlined efforts to expand high-standard opening-up and keep foreign trade and investment stable. The two-day meeting, which concluded on Dec 12, also listed driving the development of new quality productive forces through science and technology innovation as one of the priorities for economic work next year.