Innovation, sustainability driving growth
A1: In the 70 years since the founding of the People's Republic of China, the country has achieved great social and economic successes, becoming the second-largest economy in the world. Particularly in the era of reform and opening-up, hundreds of millions of people have been lifted out of poverty to the mid-income level.
Dell Technologies is a witness, participant, contributor, and beneficiary of China's reform and opening-up. Dell entered the Chinese mainland market in 1998, and has grown with the market for 21 years. Today, we have integrated ourselves into the local IT ecosystem, enriching digital lives of consumers and driving digital transformation for many enterprises and industries in China. Dell's business has also enjoyed significant growth in China, as it has become the largest market outside of the United States.
A2: We have witnessed a more intelligent, greener and more inclusive high-quality economic development in China. E-commerce and digital transformation remain the highest growth contributors in the new economy. Dell's "In China, For China" strategy supports China's industrial upgrading and high-quality economic development, with our industry leading end-to-end IT infrastructure solutions. We are well positioned to support sustainable growth and other economic initiatives in this new era.
A3: As a multinational company in China, Dell Technologies has paid close attention and provided constructive suggestions to the draft of the Foreign Investment Law. Our observation is that it promotes foreign investment, outlines foreign investor's legal rights, and creates a level playing field for all investors. I believe the promulgation and implementation of the law demonstrates China's continued progress and commitment to reform and opening-up, and further enhances confidence of foreign investors in the market.
A4: Dell Technologies brings the world's leading digital supply chain management to China to help our partners and suppliers in our ecosystem improve their competitiveness, quality, and sustainability.
Over the years, "Made in China" has made such great strides that China has become the world's factory. To further progress, Chinese manufacturers should consider digital transformation, sustainability and more integration into the international ecosystem.
A5: We are deeply impressed with and appreciative of these efforts. One of these efforts has been the establishment of free trade zones in recent years to provide more convenient services for multinational enterprises. For example, the Chengdu Free Trade Zone and Chengdu Customs launched an innovative "Exit first, declaration afterward" service for Dell Chengdu, significantly saving time and reducing logistics costs.
