Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Investment

Interview: China's 13th Five-Year Plan offers better business environment: S.Korean businessman

December 08, 2020


Abstract : During China's 13th Five-Year Plan period (2016-2020), foreign companies were offered a better business environment and a business opportunity thanks to the opening-up policy, a South Korean businessman said.

SEOUL, Dec. 7 (Xinhua) -- During China's 13th Five-Year Plan period (2016-2020), foreign companies were offered a better business environment and a business opportunity thanks to the opening-up policy, a South Korean businessman said.

"For the past five years, we have made lots of developments in the Chinese market. (Chinese) consumers with great potential offered a business opportunity, and the business environment have consistently improved," Hwang Young-min, senior vice president of Amorepacific China Strategy & Innovation Unit, said in an interview with Xinhua.

Hwang said Amorepacific continued to develop in China under the five-year plan, which provided policy support in every government level.

Amorepacific has been doing business for years in Chinese cities, where the South Korean cosmetics giant provide such goods and services as makeup, skin care and hair care.

"As an economic powerhouse responsible for the international society, China has consistently advocated an opening-up and a free trade. It helped achieve not only China's economic quality development but also the world economy's poverty exit and redistribution," said Hwang.

He welcomed a wide range of policies by the Chinese government to help foreign companies stably do business in China, saying the policies improved investment environment, innovated the way foreign firms invest, and built an open platform for investment.

Amorepacific participated in the China International Import Expo (CIIE) for three straight years, including the latest one that was held in Shanghai in November.

Hwang said the CIIE, where a number of global companies actively showcased their products and services, symbolizes the active Chinese consumer market and represents the microcosm of the Chinese market development, saying a huge change has occurred in China for the past five years.

He noted that the successful CIIE showed China actively pushing to build an open economy and injecting new impetus into foreign companies in China, adding that opening-up and cooperation will be a significant factor to promote economic growth.  Enditem

Scan the QR code and push it to your mobile phone

Keyword: CIIE business environment 13th Five-Year Plan

Reading:

Domestic, foreign currency loans soar in Yangtze River Delta in October

Pininfarina to grow in China, by focusing on Shenzhen for the industrial design

McKinsey, China will be the driving force of recovery in the fashion field

The technology to double heart valves durability, which raised China's interest

China's insurance sector likely to see 13 pct average annual premium income growth during 2016-2020

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial