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Foreign firms recognize China as vital to global economy

By Liu Zhihua, Cheng Yu and Zheng Xin Updated: 2022-10-16
Wu Dongming, CEO of DHL Express China [Photo provided to]

The report, on the one hand, highlights the historic and extraordinary achievements China has made in the past 10 years in the new era and, on the other hand, serves as a framework document to lead and guide the writing of a new chapter of Chinese-style modernization in the years ahead.

From the perspective of economy and trade, Chinese economy has achieved a historic leap, playing an increasingly important role in the world economy. China's GDP accounts for 18.5 percent of the world economy, making a significant contribution to the recovery and development of the global economy, especially since the outbreak of COVID-19.

As the world's largest trading country in goods, China is a staunch supporter and an important promoter and contributor to the multilateral trading system, and has become a major trading partner with over 140 countries and regions worldwide, making strong efforts and contribution to the stability and prosperity of global trade.

China has been committed to opening its market to and working with the rest of the world for a more open and free trade, from the Belt and Road Initiative to the signing of the RCEP trade pact to pursue the higher standard opening-up and higher quality development. Besides, the China International Import Expo has been successfully held for years with an increasing number of participation year after year, reflecting the world's confidence and support in China's efforts to bolster multilateralism and free trade.

The report also details the missions and tasks on the new journey in the new era, drawing a new blueprint for the continuous development in future years. We stay confident in the Chinese market and growth potential and will continue to invest to keep our business in China growing.

As a logistics company for the world, we remain committed to bringing our purpose of "connecting people, and improving lives" by global trade to promote the trade flow between China and the rest of the world to raise prosperity and choice, reduce poverty and cultivate diversity around the world.

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