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Top executives weigh in at CIIE (V)

chinadaily.com.cn | Updated: 2021-11-12 06:40
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Wu Guangyu, managing director, Dun & Bradstreet China. [Photo provided to chinadaily.com.cn]

A1: This is the second consecutive year that Dun & Bradstreet has participated in the CIIE. This annual event offers Dun & Bradstreet a world-class platform to establish new relationships with Chinese partners and seek for growth opportunities.

Taking part in the CIIE last year was invaluable for Dun & Bradstreet. We secured several strategic partnerships as a result of our participation. This year, we hope to demonstrate our innovative solutions that our Chinese partners need to support their digital transformation journey, by applying global data and analytics into various use cases.

A2: CIIE shows the resilience of China's economy, fully demonstrating China's determination to open up collaboration, and a willingness to share development opportunities with the world.

Dun & Bradstreet highly appreciates China's efforts to hosting CIIE. It is a signal of China commitment on openness and win-win cooperation. This helps boost the confidence of the world business community and supports global economic recovery.

A3: China's huge domestic market has become very attractive to global investment. Meanwhile, as the scope of the sectors being opened up is being expanded, the Chinese market has become a world market, a shared market and a market accessible to all, helping the global economy to continue on its road to recovery post pandemic and achieve new breakthroughs in innovation, coordination, sustainability, openness and cooperation.

A4: The corporations and institutions in China are undergoing significant digital transformation, and Dun & Bradstreet is in a very good position to support this process by helping our clients to apply global data and analytics to different use cases. China's digital transformation began with those "digital in nature" sectors especially with those technology giants. However, it is expanding to the traditional sectors and small and medium enterprises at an accelerated pace. We can see China will be leading the world in digitalization worldwide in the next decade.

The explosive growth of cross-border e-commerce in China has changed the way that businesses operate, including their supply chains. Chinese consumers now source from around the world. It is critical for businesses to be able to unlock the value of the supply chain, and Dun & Bradstreet has a solid record in helping companies build global, digital smart supply chains and well positioned to support the Chinese consumers.

A5: As a world-renowned provider of business decisioning data and analytics services, Dun & Bradstreet has benefited from China's reform and opening-up since our entry into China in 1981, and we believe China continues to be one of our most promising markets worldwide.

We are thrilled to see that China has committed to greater openness and created shared opportunities globally through CIIE and other platforms. We believe that these initiatives will enhance the business environment by supporting sustainable and high-quality growth and we are committed to be part of that.

A6: China's higher-level opening-up is essential for its future development as it strives to shape the new development paradigm of "dual circulation", allowing the domestic and overseas markets to reinforce each other. China provides a convenient and open business environment. Thanks to the vast domestic market, China can promote robust, balanced, sustainable and inclusive economic growth globally.

China's economy is deeply integrated with the world economy. Through the new development paradigm, China will create new impetus for win-win cooperation and offer more opportunities to the rest of the world for shared growth.

A7: China has covered some significant mileage on higher-level opening up. As China's economy is heading towards high-quality development, we expect to see more measures in opening the service industry, which is essential to improve the overall competitiveness of the economy.

A8: The Chinese leaders have repeatedly emphasized China's firm determination to practice true multilateralism, advocate trust and harmony, and promote win-win cooperation, and march with firm steps toward the goal of building a community with a shared future for mankind. China has consistently been a facilitator and cohesive force for international cooperation.

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