Work Progress

Speech by Zheng Wantong at the Closing Ceremony of the 7th Leaders' Roundtable Conference

Release Date:



Dear guests, ladies and gentlemen, the 7th International Multinational Corporation Leaders Roundtable has successfully completed all its agenda and is about to come to an end. It also provided ideological guidance for the success of our meeting.

This meeting continues to receive strong support from the Chinese government and international organizations such as the United Nations. Mr. Ban Ki moon, Secretary General of the United Nations, former Vice Chairman of the Standing Committee of the National People's Congress, and Honorary Chairman of the Standing Committee of the National People's Congress, Mr. Chen Siwei, sent a congratulatory letter, expressing high praise and best wishes for the conference. More than 20 people from various central ministries and commissions presided over the sub forum, and officials and representatives from 23 international organizations, chambers of commerce, and embassies attended the meeting. Leaders from 12 local governments attended the meeting, and over a hundred guests gave excellent speeches. As everyone has commented, this conference has a distinct theme, rich content, and achieved positive results.

At the meeting, representatives of Chinese and foreign multinational corporations had a frank and in-depth exchange around the spirit of the APCE conference and the theme of the round table, contributing a lot of valuable viewpoints and constructive suggestions. Firstly, the spirit of the APCE conference sparked heated discussions and became the focus of discussion. Everyone believes that the APCE Beijing Summit is of historical significance and milestone significance. The Chinese Dream and the Asia Pacific Dream are interconnected and integrated, driving the enthusiasm for Atlantic investment. New opportunities for connectivity, the Belt and Road and cooperative supply development achievements. The Asia Pacific economy, with economic reform, new economy, innovative growth, inclusive support, and urbanization as its five pillars, will face development hotspots and strategic opportunities. The new concepts and new Silk Road of Asia Pacific development are constantly enriching, and will form a situation of diversified development and multi field progress.

Secondly, the reversal of the world economic situation depends on reform and innovation cooperation. Everyone suggests that the world economy has entered a stage of deep adjustment during the post international financial crisis period. Development depends on innovation and reform, and we must face challenges head-on, accelerate the pace of innovation and reform, and seek new driving forces and competitiveness for economic development. Development depends on the cooperation between major powers and whether economies can truly work together to meet challenges. Development depends on the joint participation of major global economic forces, including multinational corporations.

Thirdly, the new normal of the Chinese economy will become a stabilizing force for the world economy. The meeting highly praised President Xi Jinping's statement on the new normal of China's economy. It is believed that the new normal of the Chinese economy will enhance the overall level of China's open economy at a deeper level and become a stabilizing force for the world economy. In 2004, China's outward investment will surpass foreign investment in China for the first time, and the deep integration of the Chinese economy into the world economy has become an established fact, and it will continue to deepen. China has also become an important participant in the global value chain supply chain. The Chinese economy constantly affects the world economy, and any downturn will have a significant impact on the world economy.

Fourthly, how multinational corporations adapt to China's new normal has become the primary issue. The new normal is the focus of discussion among multinational company CEOs. The European Chamber of Commerce in the United States stated that the information released by President Xi Jinping's speeches at the 18th National Congress of the Communist Party of China, the Fourth Plenary Session of the Third Central Committee, and the APCE Conference is encouraging. The development of multinational corporations in China has entered a new era. The Chamber of Commerce and member companies are preparing to meet these challenges and have high expectations for China. Everyone hopes that China's market-oriented reform can be truly implemented, implemented in accordance with the law, and more open in terms of market access. Move investment into more scope levels.

Treat Chinese and foreign enterprises equally. Everyone hopes that the concept of localization can no longer be limited to its original meaning. Many multinational companies hope to be seen as local enterprises and can go global with Chinese partners. Everyone expects China, as the world's second largest economy, to make greater contributions in providing a more fair and just market environment, as well as more effective operating space.

Fifth, under the new normal, the core is to shift from factor driven investment driven to innovation driven. Entrepreneurs believe that transformation is not achieved in a single day, but rather a process of development. Entrepreneurs from outside China should also actively participate and play a role. Everyone believes that the dual drive proposed by President Xi Jinping not only lies in technological innovation, but also in the innovation of business philosophy and development models. The key to innovation driven is to improve labor productivity. The improvement of labor productivity will inevitably be accompanied by the improvement of talent and human resource levels.

Sixth, promote the continuous optimization and upgrading of China's economic structure, and the economic growth model is undergoing transformation. Transformation will reduce the consumption of resources and energy. Increase productivity and carrying capacity. With the development and progress of society, the tertiary industry is developing. Chinese consumers have entered the stage of consumer experience. They not only focus on the functional benefits of product services, but also on the spiritual value of product services, as well as the good experience of the consumption process. Faced with such a consumer market and its changes, enterprises must have a reciprocal thinking mindset. Everyone believes that China must rely on technological innovation to break out of the middle-income trap, become more open, and have more enterprises go global.

Seventh, the closeness and three-dimensional integration of the Chinese and South Korean economies has become a consensus among entrepreneurs in both countries. At a closed door meeting between entrepreneurs from China and South Korea, the two countries unanimously agreed that one of the APCE negotiation alliances is a free trade agreement in the Asia Pacific region, which will bring greater benefits to both sides. Everyone has completed substantive negotiations in conjunction with FTA and expressed high recognition. The expression of FTA is the regional economy of regional integration. Will be the biggest driving force in the geopolitical and trade aspects of the Asia Pacific region. China and South Korea will break through the barriers of tariff barriers in trade, investment, human flow, and logistics, achieving investment liberalization and regional market connectivity. This not only allows South Korea to enter the Chinese market with a population of 1.3 billion, but also connects the markets of China and South Korea. South Korea hopes Chinese entrepreneurs to increase investment. Chinese and South Korean entrepreneurs have deeply discussed the financial cooperation between the two countries, hoping that Chinese and South Korean enterprises will use RMB more for calculation in the future and promote cross-border conversion of RMB. Entrepreneurs should seize key enterprises in the steel, automotive, environmental protection, cultural and creative industries, and tourism industries to promote the integration of China and South Korea's economy.

Eighth, entrepreneurs from China and India have had extensive and in-depth exchanges on cooperation in their respective fields. Everyone believes that China's economic structure, which is moving towards a new normal, is becoming increasingly reasonable, laying the foundation for India's extensive and in-depth economic and trade cooperation. To return to a state of high growth through reform. Everyone believes that we should more fully combine hardware advantages such as Chinese manufacturing with software advantages such as India's information industry for collaborative innovation. Make full use of the construction of the China Myanmar India Economic Corridor. Collaborate on cooperation projects such as the construction of India China Industrial Park.

Ninth, strengthening the main responsibility of producers is the primary attribute of ensuring food and drug safety. Multinational corporations are duty-bound. The establishment of a borderless unified security market among member states within the European Union should draw inspiration from it. Globalization has accelerated the cross-border flow of food and drugs, increasing risks. To ensure food and drug safety, it is necessary for governments and international organizations to strengthen cooperation and coordinate the resolution of issues of commonality. China should also shoulder more responsibilities. It is proposed to explore the establishment of a corporate liability insurance system and the issue of compensation for damages. Production blacklist system, risk information exchange mechanism, and accountability system, etc. And it is believed that these are necessary means to ensure food and drug safety.

Tenth, utilize the opportunity of new urbanization development to promote cooperation among multinational enterprises. It is believed that the new urbanization with Chinese characteristics is actually a series of transformations from rural to urban areas in the fields of industrial structure, employment, living environment, social security, etc. International beliefs and Chinese credit both indicate that this process will bring at least 20 years of business opportunities. It also brings broader market space to multinational corporations. Everyone believes that the post land finance era of urban development in China has arrived, and urban construction relying on land income is no longer sustainable. The new type of urbanization should be market-oriented, and innovative financial products are needed to promote Chinese cities and form market-oriented and diversified financing models. We need to conduct in-depth research on investment in public infrastructure projects. During the APCE Finance Ministers' Meeting, the APCE Regional Infrastructure PPP Implementation Strategy was released. It should be said that the PPP model is a very important solution in the new market-oriented financing model.

Eleventh, the development of multinational corporations and headquarters economy has also become an important topic of discussion at the conference. It is believed that the headquarters economy can form a match between the enterprise value chain and the optimal elements of regional resources, which can bring about significant overlapping effects for information development and create great competitiveness. In February this year, Beijing surpassed Tokyo as the city with the largest headquarters of the top 500 companies in the country. The CBD in Chaoyang District, Beijing, has further transformed and improved from strategic development goals to environmental construction, with an exciting prospect. The central business district of Tianjin Binhai New Area is facing a new important period of development. Vigorously developing the headquarters economy will contribute new impetus to the development of the Beijing Tianjin dual city plan.

Twelfth, regarding corporate social responsibility and promoting sustainable development. Mr. Ban Ki moon believes that corporate social responsibility and sustainable development are not contradictory, and achieving sustainable development will also bring opportunities for success and long-term profitability to enterprises. Similarly, fulfilling corporate social responsibility can also promote sustainable development, improve the sustainability of the enterprise, and enhance the order and productivity of employees. Creating value is the first essence of corporate social responsibility. Social responsibility should not be a tool to add icing on the cake, but a responsibility to provide timely assistance and create a better world. We are pleased to see that the concept of social responsibility is being integrated into more corporate culture and implemented into actions. The focus of international investment is shifting towards public welfare, and the functions of government enterprises will also shift towards public welfare. On the issue of corporate social responsibility, at the recently concluded Corporate Development Forum, several guest speakers gave excellent speeches, which greatly inspired me. Due to time constraints, I have not yet been able to extract the core content of these speeches from my speech. However, I can share with you your excellent viewpoints and suggestions. We will summarize them in our post meeting summary report, and then we will report to the senior leaders of relevant government departments.

Due to time constraints, I cannot list all the excellent speeches of the guests present during this day and a half. The situation of this meeting will also be reported to the outside world in depth through relevant news media. After the meeting, we will summarize the results of the meeting as soon as possible, submit a report to relevant Chinese government departments, and track and coordinate.

On behalf of the organizing committee of the conference, I would like to express my sincere gratitude to the United Nations agencies in China, relevant departments of the Chinese Party and government, international organizations such as the OECD, and embassies and consulates in China for their active participation and favorable support in the conference. At the same time, we would like to express our heartfelt gratitude to the friends, staff, and volunteers of the participating news media. Dear guests, representatives of member enterprises, and friends, we will continue to work hard to strengthen deep cooperation among governments of various countries and multinational corporations at the United Nations, and to turn the round table into a high-end international forum with significant influence in the global economic field. To make new and greater contributions to promoting mutually beneficial cooperation between Chinese and foreign multinational corporations, promoting sustainable development of the Chinese and world economies. Thank you.

Related Recommend