Foreign enterprises tap into China's evolving market

A view of Shanghai's Lujiazui area in July 2021. Seizing opportunities in changing market The resilience of China's massive consumer market has left a strong impression on foreign investors, particularly amidst the lukewarm global recovery. "China opportunity" is still the key word valued by foreign-funded enterprises, said Patricia Xia, consulting firm Ernst & Young China central managing partner, adding that these companies are still confident in the Chinese market and are exploring more opportunities in emerging industries and niche markets. Sharing benefits of china's opening up, innovation On May 31, Beijing passed its first special regulation on foreign investment, highlighting measures including promoting the secure and orderly cross-border flow of data, recognizing overseas vocational qualifications, and conducting regular consultations between local governments and foreign companies. China's sound manufacturing industry and complete supply chain, coupled with a sustained and stable policy environment, provide a strong guarantee for foreign companies to strengthen their confidence in long-term investment in the country, said Leon Wang, executive vice president, chair and president of international region and China president of British biopharmaceutical company AstraZeneca, adding that the company always has confidence in China's market, manufacturing and innovation.