Foreign businesses are important participants in Chinese modernization drive: Xi
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Chinese President Xi Jinping meets with representatives of the international business community at the Great Hall of the People in Beijing, capital of China, March 28, 2025.
Foreign businesses are important participants in the Chinese modernization drive, Chinese President Xi Jinping said while meeting with representatives of the international business community in Beijing on Friday.
Xi noted the twin miracles of rapid economic growth and enduring social stability that China has created over the past seven decades since the founding of the People’s Republic of China, especially over the past four decades of reform and opening up.
He attributed the miracles to the strong leadership of the Communist Party of China as well as the unity and hard work of the Chinese people, and also to the support and help from the international community, including the contribution of foreign businesses operating in China.
“Thanks to reform and opening up, and importantly to actively leveraging foreign capital, China was able to rapidly enter the global market and catch up with the times in great strides,” Xi said.
Foreign businesses and investment in China have driven economic growth and employment, boosted technological and managerial progress, and facilitated reform and opening up, he said.
“All of this shows that foreign businesses are important participants in the Chinese modernization drive, in the country’s reform and opening up and innovation, and in its interconnectivity with the world and integration into economic globalization,” Xi said.
In this process, foreign businesses have thrived and generally enjoyed handsome returns, achieved win-win results, and forged profound friendship with the Chinese people, Xi added. ■
Chinese President Xi Jinping meets with representatives of the international business community at the Great Hall of the People in Beijing, capital of China, March 28, 2025. (Xinhua/Li Xueren)
Chinese President Xi Jinping meets with representatives of the international business community at the Great Hall of the People in Beijing, capital of China, March 28, 2025. (Xinhua/Ding Lin)
Chinese President Xi Jinping meets with representatives of the international business community at the Great Hall of the People in Beijing, capital of China, March 28, 2025. (Xinhua/Huang Jingwen)
Reference Link:- https://english.news.cn/20250328/8faa473772c24c93b70140ec7fc0d924/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
