CIIE: Foreign Firms Confident in China's Open Business Environment and Industry Chain Advantages

SHANGHAI, Nov. 7th (China Economic Net)-As one of the largest independent exploration and production companies, ConocoPhillips, expressed its views about China's business environment during an interview at the 7th China International Import Expo (CIIE). "We're impressed by the Chinese government's efforts to establish an increasingly open and internationalized business environment, and the CIIE is a vivid example," said Markel Hübinette, Vice President at ConocoPhillips and President at ConocoPhillips China. "We believe this open environment will not only enhance collaborations between foreign companies like ConocoPhillips and our long-standing Chinese stakeholders, but will also drive prosperity for the industry both in China and globally."

ConocoPhillips sees managing climate-related risks and exploring energy transition opportunities as key to the long-term value of our business. Given that liquefied natural gas (LNG) is a cleaner-burning fuel with lower greenhouse gas emissions, the company believes LNG plays a crucial role in helping China achieve its dual carbon goals. "With our global LNG portfolio continuing to expand, we look forward to exploring further opportunities to meet China's growing energy demands while supporting the country's energy transition objectives," Hübinette added.

Japanese semiconductor equipment manufacturer KOKUSAI ELECTRIC, attending CIIE for the first time, has seen rapid growth in its Chinese operations. Xu Ruosong, Global Vice President, Chairman, and General Manager of KOKUSAI ELECTRIC China expressed strong confidence in China's semiconductor market. "We believe the Chinese market will present long-term growth opportunities for the semiconductor industry," Xu said. "China will become an increasingly important player in the global semiconductor supply chain." KE plans to continue boosting its investments in China to meet local market demands.

At the Michelin booth, Serge Godefroid, Michelin China Research & Development Director, highlighted the dual purpose of CIIE. "It's not only a platform to showcase our innovations but also an excellent opportunity to engage the Chinese ecosystem and observe its dynamics," he said. "CIIE provides a space to exchange ideas with partners, consumers, and government officials."

On Michelin's view of the Chinese market, Godefroid remarked: "What stands out is not just growth in numbers, but a shift towards quality. More and more customers are valuing purpose-driven, high-quality products. This means we need to demonstrate our innovation through the performance of our products. Chinese consumers are increasingly focused on quality and innovation, making this an ideal platform for us."

This year's CIIE saw the participation of 3,496 exhibitors, including 297 Fortune Global 500 companies and industry leaders. Among them, 186 companies and institutions have participated in all seven editions of the expo.

(Source: China Economic Net)