Connectivity, logistics to boost China's growth: biz leaders

Infrastructure connections and logistics are expected to further boost China's economic growth by attracting foreign investment said business leaders and industry experts during recent interviews with China Daily website.

Nicolas Poirot, president and CEO of Air Liquide Greater China, said the efficiency of infrastructure connections, such as roads, ports and airports, provides a strong argument for multinational companies to invest in China in long-term.

The proximity within supply chains makes China an attractive and economically viable investment destination, said Poirot, who is also president of the Council of Association of International Chemical Manufactures.

Other factors that multinational companies consider when making investment decisions include stability, costs, labor and energy.

In regards with investment interest in China, he highlighted that the high-tech sector remains strong, including semiconductors, fiber optics and electric vehicles.

Cities such as Shanghai, Beijing, Wuhan in Hubei province and Shenzhen in Guangdong province have emerged as favorable locations for investment, drawing the attention of both major corporations and startups.

Lee Sang-hyun, president of Korea JC, told China Daily website that regional logistics and infrastructure networks are expected to help China make greater economic progress.

The regional connections established by China will not only strengthen connections among Asian nations, but also connect the Eurasian and African continents.

China and South Korea should actively engage in various collaborative projects and trade activities through the establishment of logistics and infrastructure to achieve mutual economic development, he said.

The two countries have established cooperation in sectors such as electronic products, automotive components, clothing and steel products.

Further cooperation in the development of alternative energy resources for carbon neutrality is expected to be tapped to strengthen the bilateral economic ties.

Lee said the organization spares no effort in promoting exchanges among young entrepreneurs from various countries, including Korea and China.

Korea JC, established in 1952, comprises young entrepreneurs from small and medium-sized enterprises in South Korea. It has set up a youth business office to support information exchange and collaboration among young entrepreneurs.