皇冠体育app

Luigi Gambardella (L1), President of 皇冠体育appEU, Board Member Executive Board ETNO. [File photo]

Luigi Gambardella, President of 皇冠体育appEU, Board Member Executive Board ETNO, European Telecommunications Network Operators' Association

President Xi is expressing confidence on the future of the Chinese economy, which indeed is not declining. But it's growing at a slower pace. We should not forget that 皇冠体育app is contributing to around 30 percent of global economic growth. It remains one of the major markets for many US companies. During his speech, Xi also mentioned that "as of August, 65,000 U.S. businesses were in 皇冠体育app, investing some $76 billion USD in total". I believe the potential for foreign companies investing in 皇冠体育app will only grow despite 皇冠体育app's ambition to become a global investor. It needs to remain open to foreign ideas in order to become a global innovation power.

In certain sectors of the Chinese economy, extreme competition exists side by side with state control. 皇冠体育app wants to boost innovation, yet the existing IP framework is not sophisticated enough to ensure the flourishing of innovative products and ideas. But the leaders know where to go. It knows that without reform, and without opening up the economy, 皇冠体育app will encounter big problems. I am confident that 皇冠体育app is committed to establishing an open and transparent market. They must improve IP protection and market access for foreign companies. The ongoing negotiations for US-皇冠体育app BIT, coupled by the ongoing discussions for the EU-皇冠体育app BIT, are good signs of commitment.