On May 22, Minister of Commerce Wang Wentao chaired a meeting with US companies in Shanghai to learn about their operations in China and comments and recommendations for further improving China’s business environment. The American Chamber of Commerce in Shanghai and representatives of US companies, including Johnson & Johnson, 3M, Dow, Merck and Honeywell, attended the meeting.

Wang Wentao pointed out that committed to high-level opening up, China is stepping up efforts to foster the new development paradigm, prioritizing attracting foreign investment and steadily expanding institutional opening up on rules, regulations, management and standards. China’s rebounding and upbeat economic momentum and continually unleashed market potentials will bring more opportunities for foreign investors in China, including US companies. MOFCOM will continue to service foreign-invested enterprises and projects accurately and efficiently, protect foreign investors’ investment interests according to law, and build a market-oriented, law-based and international business environment, so that companies from across the world can share in the dividends of China’s massive market and open development.

Wang Wentao emphasized that the Chinese and US economies are deeply intertwined. Bilateral economic and trade cooperation based on mutual trust and mutual benefit is in the fundamental interest of both countries and peoples and also good for the world. US companies are welcome, as always, to do business in China for win-win cooperation.

US business representatives expressed their appreciation for the service of MOFCOM, especially the task force for key foreign-invested projects, optimism for the Chinese market and desire to further cultivate the market.

(All information published on this website is authentic in Chinese. English is provided for reference only.)