According to data released by the Ministry of Commerce in July, 26,870 foreign-invested enterprises were newly established nationwide from January to June 2024, an increase of 14.2 percent year-on-year. From the perspective of industries, the actual use of foreign capital in the manufacturing industry was 141.86 billion yuan, accounting for 28.4% of the actual use of foreign capital in the country, an increase of 2.4 percentage points over the same period last year.

China’s door to the outside world is opening wider and wider. The Third Plenary Session of the 20th CPC Central Committee pointed out that we must adhere to the basic state policy of opening up and promote reform through opening up. We should steadily expand institutional opening-up, deepen reform of the foreign trade system, and deepen reform of the management system for foreign investment and outbound investment. This will bring new opportunities and confidence to foreign companies operating in China, and become an important window for the world to observe China’s efforts to promote high-quality development and expand high-level opening-up in the new era.

51304419-150 As the first American company to enter the Chinese market, Honeywell has long adhered to the development concept of “East serves East” in China. Recently, around China’s reform and opening up and opportunities for foreign enterprises, China’s economic future outlook, manufacturing investment trends and other topics, Caiyun reporter interviewed Chai Xiaozhou, vice president of Honeywell Intelligent Industry Technology Group.

The following is a transcript of the interview:

Caixin: The Third Plenary Session of the 20th CPC Central Committee proposed a series of measures to open up to the outside world. What opportunities have these policies brought to the development of foreign enterprises in China? ,

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Chai Xiaozhou: The Third Plenary Session of the 20th Central Committee proposed “to steadily expand the institutional opening up, deepen the reform of the foreign trade system, deepen the reform of the foreign investment and outbound investment management system”, which will further promote the high-quality development of China’s economy and expand the high-level opening up, and bring new development opportunities and full confidence for foreign-funded enterprises.

51304419-150 The Third Plenary session also proposed to “improve the system and mechanism for the development of new quality productivity according to local conditions, and improve the system for promoting the deep integration of the real economy and the digital economy”, which is in line with Honeywell’s efforts in automation transformation. Honeywell focuses on three major trends: automation, the future of aviation and the energy transition. Building on more than 50 years of experience in industrial automation and core strengths in control and automation, Honeywell Intelligent Industrial Technologies provides leading automation control systems, automatic identification equipment and software, gas detection instruments, custom sensors and other solutions to customers in China. Enabling Chinese customers to achieve digital transformation and sustainable development through local technology innovation.

Adhering to the development concept of “East serves East” in China, Honeywell Intelligent Industry Technology Group will continue to deepen the field of industrial automation and actively participate in China’s energy transformation through continuous research and development of locally based innovative technologies and solutions, and work with more Chinese partners to build a good cooperation ecology to help the sustainable development and intelligent upgrading of various industries.