习近平强调，中共二十届三中全会已经对深化外商投资和对外投资管理体制改革制定路线图和时间表。中国将以降低市场准入门槛为重点，进一步扩大开放；保障在华外资企业同等享受国民待遇，维护市场公平竞争；加强同外商沟通交流，为其来华贸易投资尽可能提供便利，依法保护外资企业合法权益。同时，中国将坚定不移走和平发展道路，努力为外资企业发展营造良好外部环境。On the morning of March 28, **** met with representatives of the international business community at the Great Hall of the People in Beijing.
**** welcomed the arrival of representatives of the international business community and appreciated their long-term commitment to cooperation with **** stressed that in the 70 years since the founding of New China, especially over 40 years of reform and opening-up, it has created “two major miracles” of rapid economic development and long-term social stability. It relies on the strong leadership of the Communist Party of China and the united struggle of the Chinese people, and is also inseparable from the support and help of the international community, including contributions from foreign-funded enterprises in China. Reform and opening-up enabled China to quickly enter the world market and make great strides to catch up with the times. One important thing is to actively use foreign capital. Foreign-funded enterprises have invested in China, boosted China's economic growth and employment, promoted China's technological and management progress, and promoted China's reform and opening up. Practice has proved that foreign-funded enterprises are important participants in Chinese-style modernization, important participants in China's reform, opening-up, innovation and creativity, and important participants in connecting the world and integrating China into economic globalization. In this process, foreign-funded enterprises generally received rich rewards. The enterprises continued to develop and expand, achieved mutual benefit and win-win situation, and forged a deep friendship with the Chinese people.
**** pointed out that over the years, China has been a major contributor to world economic growth and a stable anchor, and is comprehensively promoting Chinese-style modernization. Opening up to the outside world is China's basic national policy. China is promoting a high level of opening-up to the outside world, steadily expanding institutional openness such as rules, regulations, management, and standards. The door to opening up will only get wider and wider, and the policy of using foreign capital has not changed or changed. China is the world's second-largest consumer market, has the world's largest middle income group, and has huge investment and consumption potential. China is committed to high-quality development, accelerated green, digital and intelligent transformation, and has strong industrial support capabilities. It is the best application scenario for a new round of scientific and technological revolution and industrial transformation. China has formed a relatively sound regulatory policy system and work system for the use of foreign capital, promoted trade and investment liberalization and facilitation, and actively created a market-based, rule-of-law, and internationalized first-class business environment. China has maintained political stability and social stability for a long time, and is recognized as one of the safest countries in the world. These show that China has a large business stage, broad market prospects, stable policy expectations, and a good security situation. It is a fertile ground for foreign-funded enterprises to invest and develop businesses. China was, is, and will definitely be an ideal, safe, and promising investment destination for foreign investors. To walk with China is to walk with opportunity. To believe in China is to believe in tomorrow; to invest in China is to invest in the future.
**** stressed that the Third Plenary Session of the 20th CPC Central Committee has drawn up a road map and timetable for deepening the reform of the foreign investment and foreign investment management system. China will focus on lowering market entry thresholds and further expand opening-up; ensure that foreign-funded enterprises in China enjoy equal national treatment and maintain fair competition in the market; strengthen communication with foreign investors to facilitate their trade and investment in China as much as possible, and protect the legitimate rights and interests of foreign-funded enterprises in accordance with the law. At the same time, China will unswervingly follow the path of peaceful development and strive to create a favorable external environment for the development of foreign-funded enterprises.
**** pointed out that multilateralism is an inevitable choice for solving difficult challenges facing the world, and that economic globalization is an unstoppable historical trend. China adheres to true multilateralism, promotes inclusive economic globalization, actively participates in global economic governance, and is committed to building an open world economy. Foreign-funded enterprises, especially multinational companies, play an important role in maintaining the world economic order and also bear important responsibilities. We must jointly maintain the multilateral trading system, jointly maintain the stability of the global industrial chain supply chain, jointly maintain an international environment of open cooperation, and push economic globalization in the right direction.
More than 40 global chairmen, CEOs and representatives of business associations of foreign-funded enterprises attended the meeting. US FedEx Group President Rui Sibo; German Mercedes-Benz Group Chairman Kang Linsong; France's Sanofi Group CEO Han Paul; British HSBC Holding Group CEO Ai Qiaozhi; Japan's Hitachi Manufacturing Chairman Higashihara Toshiaki; Korea's SK Hynix President Guo Luzheng; and Saudi Aramco President Nasser spoke successively.
They said that under ****'s leadership, China has achieved steady economic growth through comprehensive deepening reforms and expanding a high level of opening-up to the outside world, which is admirable. From “Made in China” to “new quality productivity,” China's technological innovation will enable industrial transformation and upgrading, and will achieve higher quality and more sustainable development, and the prospects for the Chinese economy are bright. Against the backdrop of increased protectionism, China continues to expand its openness, inject stability into the global economy, and become an oasis of certainty and a hot spot for investment and development. China's development is the core driving force of the world economy, and China's vast opportunities and room for growth are exciting. We highly appreciate that the Chinese Government has created a fair and good business environment for foreign-funded enterprises. It will unswervingly expand investment cooperation with China, deeply cultivate the Chinese market, actively participate in the Chinese-style modernization process, build a bridge for Sino-foreign exchanges and cooperation, support the opening of the global market, maintain international free trade, and contribute to the world economy.
Cai Qi, Wang Yi, and He Lifeng attended the meeting.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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