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China holds roundtable with foreign enterprise on consumption landscape, opening up 2025/6/27 source: International daily Print

China holds roundtable with foreign enterprise executives on consumption landscape, opening up.jpg

Executives from multinational enterprises gathered in Fuzhou City of east China's Fujian Province on Friday to discuss China's consumption landscape and efforts to open up the economy further.

At a roundtable meeting, suggestions were made to the National Development and Reform Commission (NDRC), China's top economic planner, about market access standards for medical services and low-carbon development to enhance exchanges.

"[China should leverage] the advantages in its strong synergy of the supply chain. On the other hand, in terms of the core technology innovation, the batteries, motors, electronic control systems can be highlighted because the automotive field is related to them. We hope to see results in the breakthrough of the core technologies in these three fields," said Bai Jiajia, market director of Deloitte (Greater China).

As a global professional think tank, Deloitte suggests introducing international environmental, social and governance standards and building low-carbon supply chains to create zero-carbon industrial clusters, which could attract more orders from multinational automakers.

"We look forward to interpretations of policies such as the unified national market and the large-scale equipment upgrades and consumer goods trade-in programs," said Liu Mingyang, government affairs director of Siemens (China).

The NDRC said it is committed to high-level opening up, welcoming enterprises from all countries to take part in development opportunities. It said it will protect foreign investments and create a competitive and law-based business environment.

The meeting discussed policies across various industries, including automobile manufacturing and the business environment. It actively promoted the development of Fujian's private sector and highlighted the province's achievements along the 21st Century Maritime Silk Road.


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