Xinhua News Agency, Beijing, May 27Question: Ignoring China will only lead to missing opportunities

Xinhua News Agency reporter Han Jie

Schulder Linatet, chief executive of JPMorgan Chase & Co. Asia Pacific, recently said that China's economy is too big to be ignored and investors "have to do business there." At a time when the United States is frequently using tariffs, export controls and other means to escalate containment and suppression of China, the global business community is increasingly calling for cooperation, which fully shows that the best investment opportunities in the future are still in China, and ignoring China will only miss the opportunity.

At present, the external environment is full of uncertainties, and China's economy has entered a critical period of shifting gears, transformation and upgrading. Although some Western media have been talking about "China's economy has peaked" and "foreign capital has withdrawn from China", China's own development achievements and the actual actions of overseas investors are enough to show the great potential and charm of China's development.

This potential and charm is due to the important contribution of China's sustained economic growth to world prosperity.

According to data released by the National Bureau of Statistics on the 27th, in April, the profits of China's industrial enterprises above designated size turned from a year-on-year decline of 3.5% in March to an increase of 4%, and the growth rate rebounded by 7.5 percentage points. Since the beginning of this year, despite facing many challenges, many Chinese economic indicators such as consumption and foreign trade have continued to pick up and improve. Recently, the "visit to China" of senior executives of multinational companies has also shown that investor confidence has increased.

From a global perspective, China's GDP will exceed 126 trillion yuan in 2023, an increase of 5.2% over the previous year, and its contribution to world economic growth will continue to exceed 30%; China's manufacturing industry accounts for about 30% of the world's added value; China's global exports account for a relatively high level of about 14%, and it is a major trading partner of more than 140 countries and regions around the world...... The data is a strong testament to China's weight in the world economy.

This potential and charm is due to the vast opportunities that China's hyper-scale market provides to global investors.

Apple opened its largest retail store in Asia, Jing'an, Shanghai, Tesla's Shanghai energy storage gigafactory started construction in the Lingang New Area of the Shanghai Pilot Free Trade Zone, and AstraZeneca is investing more in building a separate supply chain in China...... Against the backdrop of weak global trade and investment, China is still a hot spot for foreign investment. In the first four months of this year, 16,805 new foreign-funded enterprises were established in China, a year-on-year increase of 19.2%.

Many foreign-funded enterprises are attracted not only by the massive demand created by the Chinese market, but also by the huge business opportunities brought by Made in China and Chinese innovation. According to the latest report released by Allianz Trading Company of Germany, European companies are still optimistic about China's prospects.

China's development has gone through various difficulties and challenges to get to where it is today, and it has not collapsed in the past due to the "China collapse theory", and it will not collapse now because of the "China summit theory". If we continue to cling to the prejudice that "China's era has passed", we will only lose new opportunities to join hands with China for the future. Today, more than ever, the world is looking forward to economic recovery. China has always deepened reform and opening up with sincerity and action, and welcomes enterprises from all over the world to continue to invest in China. As many far-sighted people in the international community have commented, we firmly believe that "the next 'China' is still China".