عربي Español Русский Français 简体中文

Xi Jinping Holds Talks with Representatives of Chinese and Foreign Entrepreneurs Attending BFA Annual Conference

2015/03/29

On March 29, 2015, President Xi Jinping held talks with representatives of entrepreneurs from home and abroad attending the Boao Forum for Asia (BFA) Annual Conference 2015 at Boao State Guesthouse in Hainan Province. Xi Jinping stressed that, with China’s economic development entering a new normal, economic cooperation between China and foreign countries also increases at the same pace, which means new opportunities of cooperation for all countries and enterprises in the world. China will become more and more open to the outside world, and there will be no change in China’s policies on foreign investment, its guarantee to the lawful rights and interests of foreign enterprises investing in China, and its orientation of providing better service for enterprises from other countries to invest and develop in China.

Forty heads of domestic and foreign enterprises attended the talks. Xi Jinping pointed out that instability, uncertainty and disparity in the world’s economic recovery remain prominent at present. Asia’s economy generally maintains relatively rapid growth, and China’s economic development has entered the new normal. Within this context, I would like to listen to the opinions from the entrepreneurs.

Representatives of domestic and foreign entrepreneurs gave speeches. His Highness Prince Saud Bin Abdullah Bin Thenayan Al-Saud, Chairman of the Saudi Basic Industries Corporation (SABIC), said that this Annual Conference of the BFA was very successful. He hoped that all parties will enhance convergence of interests to promote the goal of the Asian community of common destiny.

Lee Jae-yong, Vice President of the Samsung Group, said that since the 18th National Congress of the Communist Party of China (CPC), China has deepened reforms through such measures as streamlining administration and delegating power to lower levels; the investment environment of China has been further improved; the government officials of China have worked harder; and China has become one of the most competitive countries in the world. The Samsung Group is committed to building enterprises deeply rooted in the land of China.

Andrew Forrest, Chief Executive of the Fortescue Metals Group of Australia, said that his group has enjoyed rapid business development in China and established sound cooperative relations with Chinese enterprises. China has become a major supplier of mechanical equipments for the Fortescue Metals Group, and their objective in China is to expand the market and harvest the friendship.

Steve Almond, Global Chief Executive Officer of the Deloitte & Touche USA, said that they have made outstanding business achievements in China. They have engaged in workforce localization, helped China to develop accounting standards, assisted Chinese enterprises in carrying forward the global expansion plan and offered consulting services. They are willing to keep providing support to the “Belt and Road” construction as well as China’s construction and development.

Gennady Timchenko, the founder of the Volga Group of Russia, said that Russian enterprises hope to conduct closer convergence of interests with China. Currently, the industrial and commercial communities of the two countries have witnessed continuously deepened mutual understanding and cooperation, and many cooperative projects have achieved success. Russian enterprises are full of confidence in the prospect of the development of Russia-China relations and are optimistic about the prospect of cooperation between Russia and China.

Chen Feng, Chairman of the Hainan Airlines (HNA) Group, said that the civil aviation industry is the bridge of the “Belt and Road” construction in the air. They hoped to strengthen communication with the government to accelerate the reform in the civil aviation system and promote the development of the aviation industry.

Dhanin Chearavanont, Chairman of the Charoen Pokphand (CP) Group of Thailand, said that rapid economic and social development of China has provided important enlightenment for developing countries, and China’s gigantic achievements in its construction of infrastructure including high-speed rails have played a key role in the national development. The CP Group is willing to invest in the railway construction in Thailand, and hopes to strengthen cooperation with China in such areas as high-speed rail technology, financing and construction, making such cooperation a constituent of the “Belt and Road” construction.

After listening to the speeches of entrepreneurs, Xi Jinping delivered an important speech. Xi Jinping pointed out that Chinese economy is deeply integrated with the global economy and forms an important driving force of the economy of Asia and even the world at large. China’s economic benefit and quality are now improving; economic structural adjustment is undergoing positive changes; major progress is being made in deepening reforms and opening-up; and the new situation emerges in the opening-up. China’s economic development has entered into a new normal and will evolve into a phase with more advanced form, more complicated division of labor and more reasonable structure. This is also the starting point for us to do our economic work well. Under the new normal, in order to achieve new development and new breakthrough, it is the key to comprehensively deepen reforms and comprehensively implement national governance under the rule of law.

Xi Jinping stressed that at present, China’s interaction with the world is becoming increasingly closer and the relationship of sharing opportunities and destinies is becoming increasingly prominent. The connotations of Chinese opportunities are being expanded continuously.

China’s market opportunities are expanding. China will still stay in the rising stage of development in a rather long period to come, with huge domestic demand. China’s household consumption enjoys large space for expansion, and the enterprises providing safe and quality products and services will have good development prospects.

China’s investment opportunities are expanding. Investment opportunities in infrastructure connectivity as well as in new technologies, new products, new business patterns, and new business models are constantly springing up. Emerging industries, service industries and small and micro businesses are playing more prominent roles. The development of miniaturized, intelligentized and specialized production is bringing about more opportunities.

China’s green opportunities are expanding. We shall go along a path of green development, making resource saving and environmental friendliness the main mode of production and life. We are now boosting energy production and consumption revolution, optimizing energy structure, implementing the policy of energy conservation priority, and pushing forward energy conservation in key fields.

China’s foreign cooperation opportunities are expanding. We support the multilateral trading system, devote ourselves to the Doha Round negotiations, advocate the Asia-Pacific free trade zone, promote negotiations on regional comprehensive economic partnership, advocate the construction of the Asian Infrastructure Investment Bank (AIIB), boost economic and financial cooperation in an all-round manner, and work as an active promoter of economic globalization and regional integration.

Xi Jinping stressed that the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road proposed by us will promote the trade and investment between China and the countries along the routes, promote the connectivity and new-type industrialization of countries along the routes, and promote the common development of all countries as well as the peoples’ joint enjoyment of development fruits. We hope that the annual trade volume between China and the countries along the routes will surpass 2.5 trillion USD in a decade or so. We hope that our entrepreneurial friends will enhance connection, innovate cooperative models and jointly explore new approaches to exploiting the market and achieving mutual benefit and win-win results with all kinds of Chinese enterprises, the Silk Road Fund and the AIIB to be established soon. We hope that entrepreneurs will continue to pay attention to and care for China’s economic development, seize Chinese opportunities and set foot on the new development journey of China with us.

Wang Huning, Li Zhanshu, Yang Jiechi and others attended the talks.

Suggest to a friend
Print