Vice Chairman Ning Jizhe of NDRC Holds
a Video Symposium with AmCham China
On the morning of August 28th, 2020, Ning Jizhe, Vice Chairman of the National Development and Reform Commission (NDRC) held a video symposium with Gregory Gilligan, President of the American Chamber of Commerce in China (AmCham China) and representatives of its member companies, exchanging views on issues of mutual concern, including China-US economic and trade cooperation, China’s macro-economic situation, and China’s further opening up. Representatives from HPE, Mars, Intel, Dell, Qualcomm, Daimler, and LDC attended the conference.
Mr. Gilligan said that, the Chinese government has taken timely and effective measures to coordinate epidemic prevention and control, resume work and production, and carry out international cooperation against the epidemic. On behalf of his member companies, he would like to thank the Chinese government for adopting policies to help them out of difficulties.
Mr. Ning Jizhe expressed thanks to Amcham China and its member companies for their help provided to the Chinese people in the fight against the Covid-19 epidemic. He said, the foundation of China-US friendship lies in the people, and their joining hands to fight against the epidemic is the best example. China and US have broad space for cooperation in many areas, including fighting Covid-19 and promoting global economic recovery. We hope that the two sides will seek common grounds while reserving differences and work together to bring China-US relations back to the track of coordination, cooperation and stability, in the spirit of non-conflict, non-confrontation, mutual respect and win-win cooperation as soon as possible.
Mr. Gilligan briefed the meeting on the 2020 American Business in China White Paper and the operations of its member companies in China. He said, even if they are faced with the severe challenge of the Covid-19 epidemic and rising tensions in US-China relations, American companies in China still hold full confidence in the Chinese market. According to their survey, 50% of the investigated companies think the business environment in China has improved significantly. More than 70% of the companies surveyed do not plan to move their supply chains out of China. On the contrary, many companies will enlarge their investment in China. This reflects their confidence in the Chinese market. Amcham China would like to strengthen communication with the NDRC and other Chinese agencies to provide objective data and constructive suggestions of American business in China, and make positive contribution to the healthy and stable development of China-US economic and trade relationship.
Mr. Ning Jizhe said, facing the most serious global public health emergency in the past century, under the strong leadership of the CPC Central Committee with comrade Xi Jinping at its core, the Chinese government quickly and decisively took extraordinary measures to coordinate epidemic prevention and control with economic and social development, effectively brought the epidemic under control in a relatively short period of time. The order of production and living has been restored at a faster pace, and various economic indicators are gradually improving. The Chinese economy has withstood the severe test of the COVID-19 epidemic, and the economic data in the first half of the year have shown strong resilience and great potential. Since the second quarter, the economic data has improved month by month. Positive factors have increased significantly, and economic development has shown a steady and better momentum of recovery than expected. We are confident and capable of achieving positive economic growth for the whole year. Consumption in China has also improved month by month since the second quarter, with sales of commodities such as cars and appliances picking up. At the same time, China will remain committed to opening wider to the outside world and creating a better business environment for foreign investment. Since last year, we have promulgated and implemented the Foreign Investment Law, and Optimizing the Business Environment Ordinance. We have revised and issued the Negative List for Foreign Investment of the national version and the Pilot Free Trade Zone version in 2019 and 2020, and issued the 2019 edition of the Catalogue of Industries for Encouraging Foreign Investment. We will, as always, welcome companies from all over the world, including American companies, to invest and do business in China, and continue to support the businesses of the two countries to strengthen mutually beneficial cooperation.
Representatives of companies who attended the symposium said, the US business community have long-term confidence in the Chinese market and will seize the opportunities brought about by China's booming economy and wider opening-up, take root in China and grow together with China.
Representatives from the US side raised some specific questions on US companies’ operations in China, and Ning Jizhe answered these questions one by one.