East China’s Jiangsu province held the International Cooperation Conference on Industrial Chain and Supply Chain?Taihu Entrepreneurs Forum in Suzhou on Wednesday. Xin Changxing, secretary of the Provincial Party Committee, delivered a keynote speech, and Xu Kunlin, deputy secretary of the Provincial Party Committee and governor of the province presided over the forum. Chen Chunjiang, member of the Party Group of the Ministry of Commerce and Assistant Minister, delivered a speech.

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Xin Changxing, on behalf of the CPC Jiangsu Provincial Committee and the provincial government, extended a warm welcome and heartfelt thanks to all the guests. He said that the Taihu Lake, with its broad bosom, abundant water sources and abundant products, has nurtured people in the south of the Yangtze River and created a prosperous and wealthy place, adding that the Taihu Lake Basin is one of the most economically developed, densely populated, wealth intensive, creative and innovative regions in China.

He said that Jiangsu is going all out to implement the integrated development strategy of the Yangtze River Delta and accelerate the construction of the Taihu Lake Rim Science and Technology Innovation Circle with a view to gradually building the Taihu Lake Rim into a world-class ecological lake area and innovative lake area.

He said the original intention of the Taihu Entrepreneurs Forum is to boost the industrial cycle and achieve win-win cooperation, adding that in the past three years, the entrepreneurs participating in the forum have expanded from those coming from East Asia to from around the world so as to have expanded our circle of friends, fully demonstrating that openness and cooperation are the historical trend, and mutual benefit and win-win are the aspiration of the people.

Xin Changxing pointed out that rivers, lakes and seas are human public goods, and the industrial chain supply chain is also an important public good, adding that the formation and development of global industrial and supply chains are the result of market laws and enterprise choices so that we need each other and help each other to develop.

Noting that Jiangsu is an important starting point and connecting point for many industrial cycles in China, and an important channel for integrating into international cycles, the CPC provincial chief stressed that the formation of the advantages in industrial chain and supply chain is inseparable from the active participation and strong support of foreign-funded enterprises.

Xin Changxing remarked that maintaining the stability and smoothness of the global industrial and supply chains, improving resilience and security levels, is our common responsibility and in everyone"s interest.

He said that Chinese path to modernization is going all out to solidly promote the new practice of the Chinese modernization, so as to strive to build a globally influential industrial science and technology innovation center, an advanced manufacturing base with international competitiveness, and a two-way open hub with world convergence, making Jiangsu the best choice whether it is from the aspect of developing modern manufacturing, promoting innovation cooperation, cultivating future industries, or expanding market space and seeking investment convenience.

Xin Changxing said that Jiangsu is willing to work with entrepreneurs and friends from all walks of life to cope with the uncertainties of the international situation with the stability of deepening cooperation, jointly maintain the smoothness of the industrial chain supply chain, build a good industrial ecology, and contribute to the recovery and growth of the world economy.

Chen Chunjiang said in his speech that at present, China is speeding up the construction of a dual circulation and striving to promote high-quality development, which will provide a broader development opportunity and a better development prospect for foreign-funded enterprises. China will promote greater efforts in opening up to the outside world, increase support for foreign investment policies, continuously optimize service guarantees for foreign-funded enterprises, focus on strengthening the protection of foreign investment rights, and strive to provide convenience and create business opportunities in China for the development of enterprises from various countries.

He said the Ministry of Commerce will continue to support Jiangsu in promoting high-level opening up to the outside world, welcoming investors from all countries to seize opportunities and boost investment and prosperity in Jiangsu and China, share development dividends, and continue with the chapter of cooperation.

During the conference, 45 foreign-funded industrial projects with an investment of over $100 million were signed across Jiangsu, with a total investment of $11.7 billion.

Four sub-forums focused on expanding the opening up of the service industry, biopharmaceuticals and medical devices, green, low-carbon, and new energy, equipment manufacturing, and digitization.

Before the opening of the forum, Xin Changxing and Xu Kunlin met with the heads of the overseas foreign trade associations and multinational companies to listen to their opinions and suggestions on deepening mutually beneficial and win-win cooperation in the new situation.

The executives of foreign-funded companies spoke highly of the good business environment in Jiangsu and unanimously expressed their willingness to continue investing in Jiangsu so as to actively participate in Jiangsu"s high-quality development and modernization drive, conduct deep cooperation in the global industrial chain supply chain, share new opportunities, and jointly innovate the future.

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