Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

China’s Desperate Makeover: Xi Vows to Play Nice with Foreign Businesses

Eugene Park Views  

The best business environment is the rule of law
Open and transparent legal treatment must be guaranteed

Chinese President Xi Jinping is giving a speech in San Francisco, California, on the 15th (local time). San Francisco (U.S.)/ Reuters Yonhap News

As China stakes its all on attracting foreign companies amid an economic slowdown, President Xi Jinping has ordered the protection of foreign companies’ legal rights and intellectual property.

President Xi emphasized during the 10th Central Political Bureau study held the previous day that the best business environment involves the rule of law and that foreign companies should guarantee open and transparent legal treatment.

China’s Efforts to Reengage with Foreign Companies

He emphasized the need to create a market-oriented, lawful, and internationally first-class business environment by effectively utilizing both domestic and foreign rules. He also highlighted the importance of actively and proactively embracing high-level overseas trade rules, continually expanding institutional openness, enhancing trade and investment liberalization and facilitation, and establishing a more advanced open economic system.

President Xi’s remarks coincided with a trend where foreign companies had been distancing themselves from China. AFP observed indications that China is making efforts to reengage with foreign companies.

American and European companies operating in China complain that it is more challenging than ever due to China’s economic slowdown, geopolitical risks, and the implementation of anti-espionage laws. Especially this year, the slowdown in growth and geopolitical tensions have hit investment prospects, and the trust of foreign companies in China has hit rock bottom.

Foreign entrepreneurs have long complained about China’s ambiguous and arbitrary regulations. U.S. officials who visited China this year cited intellectual property theft as the most significant problem among the issues they raised.

However, President Xi has recently indicated a shift in China’s business environment. During the APEC Summit held in mid-month, Xi pledged to implement measures that would facilitate foreign companies’ investments and operations in China, aiming to make it easier for them to do business in the country.

By. Byeon Hyo Sun

Eugene Park
content@www.kangnamtimes.com

Comments0

300

Comments0

[WORLD] Latest Stories

  • Perfect Abs to Paralysis: TikTok Star's Battle Against THIS Rare Disease
  • Flight Attendant Turned YouTuber Faces Life-Altering Brain Surgery
  • Actress Olivia Munn Shares Recent Updates In Fight Against Cancer
  • Celebrity Surgeon Caught: Shocking Arrest at the Airport
  • 60-Year-Old Beauty Queen Shatters Age Norms at Miss Buenos Aires
  • Crypto Scandal: Wanted Mastermind Found Living in Luxury Near Embassy

Weekly Best Articles

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

You May Also Like

  • 1
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 2
    Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

    BUSINESS 

  • 3
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 4
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 5
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

Popular Now

  • 1
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 2
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 3
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

  • 4
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 5
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

Weekly Best Articles

  • Trump vs. Harris: Which U.S. Election Outcome Will Boost Stocks the Most?
  • Kim Sejeong on Kiss Scene Prep: ‘It’s Like Laying the Foundation for a Building!’
  • Kim Tae Ri’s Character Faces Devastating Setback in ‘Jeongnyeon: The Star is Born’
  • Lee Seung Gi Goes Bald! Shocking Change for His Role in ‘About Family’
  • Man Who Sponsored $1.2M to Streamer Juice Se Yeon Says She Blocked Him After Scandals
  • BTS Music Video Star and Tattoo Model Kim Woo Young Remembered 6 Years Later
  • Outback’s Last Ride: Subaru Launches 30th Anniversary Edition with Exclusive Features
  • Chrysler’s 2025 SUV: A Glimpse into the Future of Electric Vehicles
  • Fiat’s ‘Ugliest Car’ Makes a Comeback with Hyundai’s Pixel Design Twist
  • THIS is the Country Jensen Huang Thinks Will Lead the AI Revolution
  • Volkswagen Shutting Down German Plant for the First Time Ever—Big Layoffs Expected
  • Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

Must-Reads

  • 1
    Kim Nam Gil Spills Secrets About The Fiery Priest 2—Why Fans Should Be Excited

    ENTERTAINMENT 

  • 2
    Google's Tax Tricks: How They Pay Pennies on Billions in Korean Revenue

    BUSINESS 

  • 3
    BJ Juice Se Yeon Deletes ‘Suspicious’ Photo with Kim Haon—Fans Speculate Romance

    ENTERTAINMENT 

  • 4
    G-Dragon’s Secret Addiction? The K-pop Star Can’t Stop Watching Dating Shows

    ENTERTAINMENT 

  • 5
    Chef Triple Star Shows Up at Event Despite Explosive Cheating and Embezzlement Claims

    ENTERTAINMENT 

Popular Now

  • 1
    Jaehyun Joins the Military—Here’s What Happens to His Career While He’s Away

    ENTERTAINMENT 

  • 2
    BMW M3 to Feature 600 HP Mild Hybrid Powertrain—No Plug-in Hybrid Here!

    TECH 

  • 3
    Subaru BRZ Purple Edition: Only 500 Units Available in North America for $35,445

    TECH 

  • 4
    Brazil’s Beloved Nivus Gets a Facelift: New GTS Model Starts at $24,480

    TECH 

  • 5
    Tesla’s Roadster Returns: 621 Miles on One Charge and Insane Speed

    TECH 

Share it on...