Execs praise China's progress in sci-tech innovation

Q5 What's your view on modernization in China that has spawned common prosperity? What does this pursuit mean for foreign businesses?

WAN: Common prosperity is the ultimate demonstration of the people-oriented approach. The sustained prosperity and stability of a country can be achieved only by putting people's wellbeing as the top priority. The same holds true for businesses. Employees are the primary productive force. As a wholly owned foreign business operating in China for nearly 30 years, Aveva has always put employees as the top priority.

FANG: Modernization in China has been a huge success, enabling the country to become the world's second-largest economy while eliminating absolute poverty. For foreign companies, a flourishing, stable Chinese market with strong consumption capacity is the basis for their success in China as well as an integral part of their global business.

CHEN: A key feature of a modern society is consistently improving quality of life.

China's modernization pursuit will contribute to the country's high-quality growth and a high-quality way of life for its people. With "high quality" comes the demand for more open business environments, a freer flow of people and resources, more favorable policies for high-performing and innovative companies and a stronger digital infrastructure for companies and individuals.

This momentum and China's continuing opening-up create new opportunities for Chinese companies and foreign businesses in China alike. IBM has been an active part of the Chinese business landscape for decades, and we will continue to bring value to Chinese clients and partners through our technology and consulting expertise.

HOU: We believe the government's commitment to pursuing a higher standard of living for the Chinese people has advanced common prosperity. And modernization fueled by technological innovation will unquestionably be essential to the continuing success of this vision. For multinational corporations, particularly those in the technology sector, modernization means making technologies more accessible to those in need and more widely used in ways that enhance people's daily lives.

Microsoft will continue its 30-year track record of increasing investment and commitment in the development of areas of common public interest such as education, economy, sustainability and more, as aligned with the company's mission to "empower every person and every organization on the planet to achieve more."

MENG: China's efforts in reducing poverty over the past decades have been a great success. Qualcomm believes that cutting-edge mobile technologies can be used innovatively for social good and help drive human and economic progress in underserved areas. For example, through collaboration between Qualcomm Wireless Reach initiative and the China Foundation for Poverty Alleviation, the "Smart Agriculture" program has installed IoT technology to help local farmers monitor meteorological conditions, water quality, soil conditions and crop pests and increase the efficiency of traditional agricultural cooperatives in three provinces. To date, over 4,700 farmers have benefited from the program.