China Daily

Business chiefs hail Xi’s reform message

- By CHENG YU chengyu@chinadaily.com.cn

Internet and innovative companies are recognized as key players in China’s reform and opening-up, with the heads of tech giants and innovative private firms being praised as innovators and contributo­rs to the country’s 40-year economic rise.

Li Dongsheng, chairman and CEO of consumer electronic­s giant TCL, said that he was reassured by President Xi Jinping’s speech on reform and opening-up. “As representa­tives of entreprene­urs, we feel assured of our important role in the country’s economic growth and will continue to contribute our strength to that.”

The comments came after Xi reaffirmed China’s commitment to open up even more to the outside world at a grand gathering on Tuesday at the Great Hall of the People in Beijing to mark the 40th anniversar­y of the country’s reform and opening-up.

A total of 100 Chinese dignitarie­s, including the heads of the country’s three major Chinese internet giants, collective­ly known as BAT, were awarded reform pioneer medals.

Robin Li, chairman and CEO of Baidu Inc, said that he was heartened by the top leadership’s emphasis on the spirit of the reform and opening-up, which has close ties with the developmen­t of Baidu.

“It is this new era that helped me to achieve my life value and drove the company to overcome difficulti­es to become a company able to make contributi­ons to the overall industry and society,” said Li.

At the meeting, Xi also pledged to support the building of an open, transparen­t, inclusive and nondiscrim­inatory multilater­al trading system, facilitate trade and investment, and promote more openness amid ongoing economic globalizat­ion.

Over the past 40 years, China has recorded an average annual GDP growth rate of around 9.5 percent, which contribute­d over 30 percent to global economic growth, Xinhua reported.

Li Shufu, chairman of Chinese automaker Zhejiang Geely Holding Group, said Xi’s speech inspired the company to enhance its presence in the global arena.

“We will continue to help develop the country’s automobile industry and provide users with made-inChina high-tech vehicles of highqualit­y and high added-value,” he said.

“We hope to elevate China’s automobile industry to the mid to high end of the global value chain,” he added.

Jiang Qiping, a senior researcher at the Center for Informatiz­ation Study at the Chinese Academy of Social Sciences, noted that internet and innovative companies are injecting new impetus to the country’s reform and opening-up.

“These companies have helped improve the efficiency of traditiona­l industries by leveraging cuttingedg­e technologi­es and new business models. They have also brought benefits to more people, adding new force to the country’s economic growth,” he said.

 ?? PROVIDED TO CHINA DAILY ?? Li Dongsheng (left), CEO of TCL, Li Shufu (center), chairman of Zhejiang Geely Holding Group, and Robin Li, chairman and CEO of Baidu Inc.
PROVIDED TO CHINA DAILY Li Dongsheng (left), CEO of TCL, Li Shufu (center), chairman of Zhejiang Geely Holding Group, and Robin Li, chairman and CEO of Baidu Inc.
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