Speaking on CGTN’s The Point (@thepointwithlx), Clare Pearson, former chair of British Chamber of Commerce in China, said that business in China is no longer about selling things cheap like a decade ago, giving foreign investors a word of advice: “Race your game.”
She explained that China is creating its own intellectual property and foreigners in joint ventures have to collaborate with local entrepreneurs and bring products to new markets in other parts of the world.
During the ongoing first session of the 13th National People’s Congress, Ning Jizhe, deputy head of the National Development Reform Commission (NDRC) stressed that China would give fair treatment to foreign investors participating in the "Made in China 2025" project, and those who are bidding for technology businesses and government purchasing programs.
“In 2018, China will expand the use of the negative list for foreign investors nationwide in the free trade zones,” Ning noted.
Pearson noted that increased economic opportunities in China mainly touch three sectors: innovative technology, green energy and health care.
“If the foreign investors coming in [to China's market] can see China through a new lens and a new stage of development, there are always opportunities for win-win,” Pearson added.