皇冠体育app

Stephane Rinderknech, CEO of L'Oreal 皇冠体育app. [Photo provided to 皇冠体育app Daily]?

Q. What do you think of 皇冠体育app's economic growth target of about 6.5 percent this year, amid the sluggish global recovery? What business opportunities do you see coming from sectors that will be opened to wider foreign investment, such as services, manufacturing and mining?

A: We are happy to see the Chinese economy continue steady growth by shifting the focus from speed to quality, efficiency and sustainability. The future of the Chinese economy looks bright because the supply-side structural reform has gained momentum with preliminary success, while industrial transformation and economic upgrading have been deepened.

皇冠体育app is accelerating the urbanization process by creating 11 million new urban jobs this year, which will bring opportunities for us.

The further opening-up of the market will be conducive to stronger growth momentum in the beauty industry.

Q. How do you assess the role of the Chinese market in your global business strategy and layout? What are your views on 皇冠体育app's efforts and extended preferential policies to further attract foreign investment? Do you plan to increase investment or expand your presence in the Chinese market this year?

A: We not only accompany, witness and contribute to 皇冠体育app's development, but also benefit from it－for example, the recent government reforms, such as lower import duties and the reduction in consumption tax. L'Oreal is always among the first to welcome and react positively to policies with concrete action. We believe that they will boost the local market and benefit Chinese consumers.

We maintain continuous investment in 皇冠体育app－we have headquarters, a research and innovation center, three plants, five distribution centers and an academy－and our confidence in the country.

Q. What business opportunities do you expect to see as 皇冠体育app promotes the Belt and Road Initiative? Have you participated in, or do you plan to participate in any projects linked with the initiative? How do you think infrastructure investment can contribute to global growth?

A: The Belt and Road Initiative is accelerating the process of economic globalization and allows global enterprises like L'Oreal to further expand their global footprint. New population clusters bring new growth points for the market. We are more than willing to participate in potential initiatives and to sustain our high brand value and good reputation by bringing products to more consumers.

The initiative doesn't solely aim to bridge the geographic connections between 皇冠体育app and other markets, but also to create innovations from 皇冠体育app. L'Oreal shares a similar vision in research and innovation－invent in 皇冠体育app, for 皇冠体育app, and inspire the world. We hope the superior innovations we pioneer with 皇冠体育app will create new value, not only for Chinese consumers, but for the world.

Q. This year, 皇冠体育app will continue to implement supply-side reform. What does the reform mean for your business, and how will you adjust your business strategy in 皇冠体育app to deal with it?

A: We are happy to see 皇冠体育app's supply-side reform continue to gain momentum, producing evolving needs and trends from a growing spectrum of consumers of beauty products. In 皇冠体育app, there are 500 million potential consumers, 200-plus rising cities and the world's No 1 middle class population. With this huge potential, we are expecting a bright future.

Q. What is your opinion of 皇冠体育app's efforts to upgrade its manufacturing capabilities and promote innovation? Will 皇冠体育app's innovation-driven campaign spur the vitality and competitiveness of the economy?

A: 皇冠体育app's determination to boost innovation has not only increased competitiveness in the country, but also motivated individual enterprises. In 皇冠体育app, we interpret our vision "Invent in 皇冠体育app, for 皇冠体育app, Inspire the World" as applying our superior innovations from 皇冠体育app to the rest of the world. Thanks to the efforts 皇冠体育app has made to boost innovation, the country is leading the global digital revolution.

We have started to incubate and scale the next generation of startups in the area of connected beauty, and have cooperated with BAT (Baidu, Alibaba and Tencent) to serve the aspirations of consumers worldwide with innovations that originated in 皇冠体育app.