„This year's report on government activity included the biomedical industry among the new main pillars of the economy“ and „commercial health insurance is mentioned for the first time in this year's report“. These formulations were among the points that foreign investors paid particular attention to during the so-called Two Sessions (CPSC and GSLZ).
Representatives of international companies were mainly following the new measures and formulations in the government report concerning their business and the future development of the Chinese market. The document outlines the future direction of the economy and the areas that will become more important in the coming years.
The passages about „focusing on building a strong domestic market“ and trying to unlock consumer potential also attract investors' attention. It is domestic demand that is supposed to be one of the key drivers of economic growth.
Equally important is the emphasis on „accelerating the cultivation and strengthening of new drivers“ to give further impetus to innovation and economic modernisation. For multinationals, this means new opportunities in technology and promising sectors.
At the same time, the government report stresses the need to „further expand openness to the world at a high level“ and to widen the space for international cooperation. According to investors, this direction confirms that China wants to continue to create a favorable environment for foreign business.
Multinationals are therefore unanimous in their assessment: the Chinese market offers huge opportunities.
