Five Major Key Points At The China Business Conference In London

By Author: Keith Skinner
Total Articles: 5
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The China Business Conference in London started with a vision to enhance our participants’ understanding of China’s rapidly evolving business and economic environment and provide a platform for dialogue on opportunities and challenges associated with doing business with China. Keynote speeches and panel discussions span the spectrum of relevant sectors, including finance, tech, retail, and many more. The Conference outlined some key missions for 2021.

Strengthening of national strategic technologies

The Conference voted for fully employing the role of the state as a major science and technology innovation organization, effectively employing the advantages of a new model nationwide system, and employing the role of key research institutions and tertiary institution state teams. The panelists discussed about the focused arrangement of foundational academic and technological research centers, and support for qualified regions for establishing regional and international science and technology innovation centers.

Strengthening China’s independent ability for controlling industrial supply chains

According ...
... to the Conference, the security and stability of industry supply chains are the foundation for the establishment of new development conditions, and China must resolve quickly the problems and come out with more unique capabilities. China will create foundations for basic spare parts, basic technology, and key basic materials, as well as strengthen top-level design, applications guidance, and shared technological supply.

Upholding the strategic keystone of expanding domestic demand

China will be implementing effective systemic arrangements for the rational guidance of consumption, savings, and investment, as well as combine expansions in consumption with improvements to living conditions. The Chinese government will engage in the removal of certain administrative restrictions on consumption and purchasing, fully unearth the consumption potential of rural areas, and raise the efficiency of public services including education, and healthcare.

Strengthening anti-trust measures and preventing the disorderly expansion of capital

Combating trusts and inappropriate competition is the inherent demand for improving the socialist market economy and driving high-quality growth – discussed at the China Business Conference in London. China will be supporting the innovative development of platform enterprises, strengthen international competitive capability, and support the joint development of state-owned and private economies. They will also improve digital regulations and legal standards for the identification of platform enterprise monopolies, the gathering, usage, and management of data, and the protection of consumer rights.

Effectively resolving the issues of residential housing in major cities

The Chinese government will firmly uphold the position that homes are used for occupation and not speculation, formulate policies based on local conditions, and implement multiple policies simultaneously. The home rental market also received heavy emphasis, with the Conference indicating that China will be giving strong attention to the establishment of welfare rental housing, accelerate improvements to long-term rental housing policy, and standardize the development of the long-term rental market. Land supply will be directed more towards the development of rental housing, while the government will also be exploring the usage of the idle land of collectives and other entities for the creation of rental housing, with state-owned and private enterprises both set to play a significant role.

Plan China is Westwin's insights sharing event which gives business owners in London ( PlanChina.co.uk/China-Business-Conference-London ) the insights on China SEM, WeChat, Weibo, e-commerce, programmatic advertising, and more. To know more, visit https://planchina.co.uk/news/.