Top executives weigh in at CIIE
A1: This is the fourth time for Ericsson. CIIE is the world's first national exhibition that focuses on import to strengthen and promote open, globalized economic cooperation and trade between various countries and regions.
As a global leader in 5G technology, we hope to use the exhibition to demonstrate Ericsson's continuing commitment to develop in China's market with our advanced technology and industry expertise. We also wish to support the development of China's 5G industry.
A2: The COVID-19 pandemic still greatly affects the recovery and development of the global economy. China has proven successful in controlling the pandemic, however, and hosting CIIE as planned is further evidence of this.
A3: Data disclosed by the China Ministry of Commerce shows that from January to September 2021, total value of imports reached 12.78 trillion yuan ($1.9 trillion), a record high for the same period. This is further evidence of the huge capacity of the China market and its significant role in the global economic recovery.
A4: Ericsson has over 120 years of business history in China and while it is disappointing to lose share in any market, we remain focused on the matters we can control. This is a regrettable position, triggered by the exclusion of Chinese vendors from the 5G market in Sweden, but we will continue fighting to build a strong position in support of our Chinese customers. Our activities in China also provide support to our global supply chain where we've been building flexibility and resilience so that we can respond quickly to events such as the pandemic.
According to the Q3 financial reports in China, the number of 5G subscribers in China has exceeded 600 million. Ericsson predicts that the number of 5G subscribers and applications will increase further, alongside the growth of the 5G industry and applications.
A5: A report released by the United Nations Conference on Trade and Development in January proved this fact and showed that global foreign direct investment fell sharply in 2020, but China's FDI defied the trend and became the world's largest foreign capital inflow.
A6: From the early construction of open coastal cities to establishing special economic zones and current free trade zones, like the Hainan Free Trade Ports, China has made great efforts to build an opening-up system. Through over 40 years of reform and opening to the world, China has made contributions to the world economy by its participation.
A7: This year marks the 20th anniversary of China's entry into the WTO. Looking to the future, we hope China will continue to lower tariffs, improve market predictability and transparency as well as continue to optimize protective measures for intellectual property rights.
A8: Multilevel construction in an opening-up system, and other measures prove China's active participation in globalization and the world economy.
