China’s latest emphasis on nurturing new quality productive forces as well as the efficient policies introduced during the annual sessions of the country’s top legislative and political advisory bodies are boosting confidence among multinational companies.
Highlighting that technological decoupling poses a big risk to global economic recovery, company executives and experts said that China holds great appeal for multinationals, as they see more opportunities in areas such as artificial intelligence, smart automobiles and advanced manufacturing. Frank Meng, chairman of Qualcomm China, said he is intrigued by the concept of new quality productive forces, as the phrase was highlighted in this year’s Government Work Report and ignited mounting enthusiasm across the country.
