Import expo reveals 5 aspects of China's 'charm' for foreign firms
China DailyThis photo shows the National Exhibition and Convention Center, the main venue for the 7th China International Import Expo, in East China's Shanghai, Nov 4, 2024. C for "change" Since China put forward the concept of "high-quality development" to shift away from the focus on high-speed economic growth, the country has witnessed great changes in many fields -- accelerated industrial transformation, robust innovation, and even shifts in people's lifestyles. R for "reward" The ever-evolving demand, immense potential, and an increasingly open market have brought tangible returns to foreign companies that are expanding their presence in China. M for "megatrend" Foreign executives at the CIIE have frequently mentioned "long-term confidence in China," which is largely underpinned by the unchanged sound fundamentals and the overall trend of steady development of the world's second-largest economy. "China has the capability to promote sustained economic recovery and facilitate market expansion and improvement, thereby creating broader development space for enterprises from around the world to expand trade, facilitate investment and business, and apply innovative products and services," Li told exhibitors and buyers attending the CIIE.