Editor's Note:

A violent incident at a concert venue on the outskirts of Moscow resulted in the death of at least 137 individuals and left over 100 injured. The assailants used automatic firearms during the incident and utilized an inflammable substance to start a blaze.

Analysts have noted that this is one of the most severe terrorist attacks Russia has faced in over a decade.

Russian President Vladimir Putin announced the capture of all four assailants responsible for the onslaught, stating that everyone involved in the act, from those who carried it out to those who organized and funded it, will face consequences.

More than 30 hours after the tragic event, those who experienced the ordeal are still deeply shaken. Several Chinese residents in Russia have shared their close encounters and emotions regarding the terror attack with the Global Times.

This story is part of the Global Times' series "Witness to history," which features first-hand accounts from witnesses who were at the forefront of historic moments. From scholars, politicians, and diplomats to ordinary citizens, their authentic reflections on the impact of historic moments help reveal a sound future for humanity through the solid steps forward taken in the past and the present.
Moscow's streets on Friday night were bustling with traffic and crowded with people preparing for the upcoming weekend.

For Chinese student Chen Yiming, this was supposed to be a good opportunity to unwind in the Russian capital.

Chen is a student at Saint Petersburg State University. On that Friday, he returned from a short trip to Armenia and arrived in Moscow, ready to transfer back to Saint Petersburg.

He visited Crocus City Hall, a spectacular complex stretching 1.2 kilometers with four floors housing restaurants, entertainment, and shopping, bustling with activity in Krasnogorsk, in the northwest of Moscow. Chen intended to enjoy a meal at a restaurant on the fourth floor, unaware that the wheels of fate were already turning.

As he browsed the menu, pondering his meal choice, a deafening explosion shattered the peace, too loud to ignore, unsettling everyone around.

Chen sensed it might be a drone attack. With Ukraine's repeated drone strikes on Moscow, this thought was not unfounded.

However, the continuous sound of gunfire soon made him realize it was not a drone but actual shooting. Panic spread, and the crowd in the mall began to scatter in chaos, with no one knowing what exactly was happening or where to flee.

Following the crowd, Chen rushed outside, filled with fear and uncertainty, witnessing people falling, screaming, and some lying on the ground. He followed the crowd toward a nearby bridge, thinking it might be safer.

"The gunfire lasted about 10 minutes," he recalled.

About ten minutes later, through social media, Chen knew the truth - the mall's concert hall had been attacked.

After the initial shock, the gravity of the situation finally donned on him, as such terror attacks are extremely rare in Russia, only seen in movies.

Police quickly arrived at the scene, about 10 to 20 minutes after the incident. The sound of helicopters added to the tense atmosphere.

Chen took the opportunity to leave, fortunately catching a free taxi ride.

Chen was not the only Chinese person close to the attack.

A Chinese person surnamed He from North China's Hebei Province, was also right in the concert hall and witnessed the attack.

He, a pianist who won international competitions for China, had been invited to perform at the concert. He was sitting at the back, listening to the performance, when armed attackers disrupted the venue, causing chaos.

He immediately hid under his seat, trying to stay silent amid the turmoil and screams. He saw the attackers' entry through the gaps in the seats, hearing live gunfire for the first time in his life, according to a report published by Chongqing News.

After a period of chaos and tension, police took control, and he was then safely escorted back to his school.

Tragically, his Russian friend, a girl, was not so fortunate. It is reported that the girl left the concert hall to go to the restroom midway through the event, where she unfortunately encountered the armed assailant and tragically lost her life.

Other survivors also recounted their escape experiences through various means.

One survivor said that the security staff directed people into a boiler room where water tanks or fire hose boxes were stored, with about 50 people hiding there, The Beijing News reported.

The survivor said that they used water from the fire hydrants to wet their clothes to cover their faces, sat on the floor to remain as low as possible. He recalled that subsequently, rescuers broke into the boiler room, the survivors inside responded, and they all fled together.

Another survivor mentioned that she was injured and fell to the ground, managing to survive by playing dead. She waited until the terrorists left before crawling out of the concert hall.

Russian President Vladimir Putin said Saturday all four gunmen in the Moscow terrorist attack were arrested. Putin, addressing the nation, said that all those responsible for the deadly attack would be punished. He also ordered that March 24 be a nationwide day of mourning.
Bonding of community

In the southwest part of Moscow, Xu Wenteng was live-streaming on TikTok as usual, sharing daily activities as a Chinese Volunteer Union in Russia.

However, that night turned out to be so different.

During the live stream, Xu, the president of the association, received a message about a terrorist attack in western Moscow. The sudden news disrupted the live stream's flow and Xu's peace of mind.

His live stream quickly turned from routine to a hub of urgent news update. With the help of the Chinese community in Moscow and Russian friends, he began to report the latest developments of the incident to his audience.

That night, his live stream became an information center, with the Chinese residents in Russia and netizens sharing information, helping each other understand the situation.

Despite the attack happening far from his residence in the southwest district, he immediately worried about his niece and family, and fortunately was relieved to learn of their safety.

The familiarity of the attack location deeply affected Xu. "It was a gathering of young people," he told the Global Times.

Nevertheless, during the live stream, he used his two-decade experience in Moscow to advise calmness, especially when the situation was unclear, recalling past incidents and emphasizing staying informed through official news sources.

Even though the intense discussion temporarily choked his live stream, Xu continued to communicate with the Chinese community in Russia through various channels, sharing real-time information and offering assistance.

After the attack, he saw increased security in Moscow, with more police at important sites like Red Square, but he remained vigilant, believing that the act was organized and deliberate.

Xu knew that such events could shock recent Chinese arrivals and those new to Moscow. He specially conveyed reassurance to anxious parents in China, urging them to avoid spreading panic and unfounded rumors, and to not spread anxiety to their children in Russia.

China strongly condemns terrorist attacks, and firmly supports Russia in safeguarding its national security and stability, a Chinese Foreign Ministry spokesperson said on Saturday.

The spokesperson said China opposes all forms of terrorism, strongly condemns terrorist attacks, and firmly supports Russia in safeguarding its national security and stability.

Preciousness of national stability

Chen spent the following Saturday indoors in central Moscow, only going out to eat. He is still feeling tense but not seeking embassy assistance, considering his situation manageable.

For safety, his university in Saint Petersburg decided to suspend classes for the next week.

The attack also caused flight prices to spike. The prices of direct flights from Moscow back to China surged over the weekend. The direct flight tickets from Moscow to Beijing on March 24 were all priced at more than 10,000 yuan ($1,383), with only a small number of tickets available. Air China's Moscow-Beijing flight had only first-class tickets priced at over 50,000 yuan left, media said.

However, Chen had no immediate plans to return home. Despite the foreign environment and the sudden panic and chaos, he felt a growing inner calmness, choosing to stay in Russia to continue his studies and life.

Survivor He who escaped the concert hall has also resumed his studies at school, taking Russian language courses online. He, too, expressed his intention to stay in Russia to continue his education and to prepare for his dream of participating in the Chopin Piano Competition.

Moscow's streets, once lively, were shrouded in a thin layer of gloom. Following the attack, the city center, including the Red Square, was closed on Saturday, but tour groups still visited nearby, and some tourists took photos from behind the fences.

In a video clip Xu sent to the Global Times, a group of middle-aged and elderly tourists shouted together in front of the Saint Basil's Cathedral on Red Square, "Today is March 23rd, Moscow is very safe."

While going out, Chen noticed a significant reduction in traffic and pedestrians compared to the previous day's hustle and bustle, with increased police patrols. Some public places were closed, while some others are still open.

He remembered the scenes of helplessness, fear, and desperate attempts to escape during the attack, haunting his thoughts. However, as time passed, his fear was gradually replaced by rationality.

On Sina Weibo, he wrote, "The explosion last night is still fresh on my mind, reminding me of life's unpredictability and the preciousness of national stability and unity. I hope everyone stays healthy and safe."

Many netizens also expressed their concerns for his safety and wished him an early return home.

On Sunday morning, in a WeChat group of the Russian Chinese community, an elderly Chinese resident in Moscow posted a warning about the possible still-at-large terrorists, advising caution and reduced outings.

This message brought some reassurance to the community, knowing they were not alone and unsupported.

Apart from directly stirring up frictions in the South China Sea region, it has been found that the Philippines has cooperated with some US anti-China forces to launch a cognitive warfare that defames China on the South China Sea issue, to hurt China's international image, and drive a wedge between China and relevant countries in this region.

Recently, the Asia Maritime Transparency Initiative (AMTI), a project under the US' long-established conservative think tank Center for Strategic and International Studies (CSIS), released a report on "environmental threats" in the South China Sea. The report, which groundlessly claimed that China has destroyed or damaged over 21,000 acres of coral reef in the South China Sea, has been cited by many Western and Philippine media sources.

The false report cited a few satellite images and referenced falsified allegations from years ago, making such a report neither factual nor verifiable, the Chinese Embassy in the Philippines responded on Saturday.

"China has always attached great importance to the protection of the ecological environment of the Nansha Islands and Reefs and their adjacent waters," it noted.

While studying this report, the Global Times found that it had little persuasive and systematic evidence, relying heavily on some citations of media reports and "expert" claims. Its only "first-hand evidence" seemed to be its "analysis of commercial satellite imagery" on 181 features of the South China Sea.

Chinese scholars on the South China Sea have refuted this discredited report. 

The methods used to reach its conclusions were not scientifically rigorous, Yang Xiao, deputy director of the Institute of Maritime Strategy Studies, China Institute of Contemporary International Relations, told the Global Times.

Claiming itself an "objective platform" that takes "no position on territorial or maritime claims," the report's producer AMTI is actually a "shadow tool of the US government that manipulates public opinion regarding South China Sea issues," said Liu Qing, a senior research fellow at the China Institute of International Studies.

As a US-based project, AMTI is not trying to hide its ties to the Philippines. The AMTI website shows that it is financially backed by several parties from the US, Japan, South Korea, and the Philippines, and it "appreciates contributions from various partners, including Japan and the Philippines."

Under the support of the aforementioned factions, the AMTI has released many unauthentic reports attacking China, most of which used satellite images as their main "evidence." The precision of commercial satellite imagery aside, some of AMTI's imagery providers are quite questionable, and have even been found to have colluded with the Philippines.

One of the providers, Simularity, is a US tech company based in Florida. The AMTI's website shows it has cooperated with Simularity in several reports on South China Sea issues.

This superficially US firm is actually a Philippines-invested company that even has connections to the Philippine government, the Global Times found.

Among Simularity's three directors, one is Peter Anthony Abaya, brother of the former secretary of the Philippines' Department of Transportation and Communications Joseph Abaya. Simularity was founded in Delaware in 2011, and later moved to Florida in 2020, after receiving a $1-million investment from the Abaya family's Philippine company Shatter Tech Venture Holdings, according to Filipino journalist Rigoberto D. Tiglao.

In a July 2021 article titled "Abaya must explain hand in hoax-making US firm Simularity," Tiglao urged Peter Anthony Abaya to spell out his role in transforming a small tech firm "into a clever generator of fake news against China in its territorial dispute with the Philippines."

Simularity has produced many pieces of fake news against China. They include a laughably ridiculous rumor that Chinese vessels were dumping waste in the South China Sea. The satellite photos used by Simularity in spreading this rumor were later proven to have been taken in the Australian Great Barrier Reef in 2014, Philippine media reported in July 2021. 

Simularity has been openly connected with some media sources, think tanks, and government representatives from the Philippines and the US since the Pilipinas Conference in November 2020, according to an article by scholar Dan Steinbock published by the international research network South China Sea Strategic Situation Probing Initiative in April 2021. 

It's hard to exactly know what sort of "alliance" these parties have formed in attacking China on South China Sea issues. Since then, various rumors have been hyped and spread repeatedly via some major Western media outlets, causing tensions between China and relevant countries in the region.

And just like that, as Steinbock wrote in the 2021 article, "Everything old is new again."

China's leading Tsinghua University announced on Wednesday that Chinese scientists had made a breakthrough in the world's first patient brain-computer interfaces (BCI) rehabilitation trial on Monday, one day after Tesla CEO Elon Musk announced the success of a procedure to implant Neuralink's brain chip into the first human patient.

The Chinese scientists' research has met the highest standards of safety and their achievements are expected to be commercially available within the next two years, scientists involved in the research told the Global Times on Wednesday.

The Global Times learned from the university that a team, led by principal Biomedical Engineering researcher Hong Bo from the School of Medicine with Tsinghua University, designed and developed the wireless minimally invasive implanted BCI technology device NEO (Neural Electronic Opportunity). The NEO was successfully implanted into a patient's brain for the BCI-assisted treatment trial at the Xuanwu Hospital in Beijing, on October 24, 2023.
The subject of the trial is a 54-year-old male patient with complete spinal cord injury of the cervical spine after a car accident. He has been paralyzed for 14 years in all four limbs since then.

After implanting two coin-sized BCI processors into his brain, scientists successfully collected intracranial neural signals of the somatosensory motor brain area of the patient.

Ten days after the surgery, the patient was discharged and returned home. When used at home, the external device of the NEO supplies power to the internal device through the scalp and receives neural signals from the brain, which are then transmitted to a computer or mobile phone through decoding algorithms to achieve BCI communication.

This system uses near-field wireless power supply and communication technology. The implanted internal device in the skull does not require a battery and can be used for a lifetime, the Global Times learned.

After three months of home-based BCI rehabilitation training, the patient was able to use brainwave activity to drive an air-powered glove and drink water independently, with a decoding accuracy rate of over 90 percent.

The American Spinal Injury Association (ASIA) clinical score and somatosensory evoked potential response of the patient's spinal cord injury has also significantly improved. Pictures and videos provided by Tsinghua University show the first patient successfully initiating brain-controlled grasping of a mineral water bottle through the wireless minimally invasive BCI.
One day before the Chinese team's research was revealed, Musk said that his BCI company, Neuralink, had successfully completed the first human brain device implantation surgery. Although the surgery was a success, Musk's invasive BCI technology experiment has sparked controversy in terms of surgical safety and medical ethics in the US.

The Chinese research team told the Global Times that their project, which is different from Neuralink's "mind control" device Telepathy, has achieved two major breakthroughs in wireless minimally invasive BCI technology.

On one hand, the NEO is implanted, burying the internal device in the skull, with electrodes covering the dura mater between the skull and the cerebral cortex, which protects neural tissue. It ensures the quality of intracranial signals without damaging neural tissue. On the other hand, it uses near-field wireless power supply and signal transmission. The implanted internal device in the skull does not require a battery and can be used for a lifetime.

Team leader Hong told the Global Times in an exclusive interview that compared with Neuralink's technology, the NEO technology has the advantages of higher safety and long-term use.

Currently, BCI technology is classified into three categories: Non-invasive, invasive, and semi-invasive, based on whether it requires the invasion of the brain and the degree of invasion, according to Hong.

Hong explained that invasive BCI usually involves the implantation of a large number of neural electrodes in the cerebral cortex, which causes significant trauma and makes it difficult to solve the problem of immune-inflammatory reactions. After a certain period of implantation, the electrodes will be covered by glial cells, resulting in a gradual decrease in signal quality.

Conversely, wireless minimally invasive implanted BCI technology is usually implanted on the human dura mater, without invading the neural cells of the cerebral cortex. It uses a combination of software and hardware to enhance signal quality, effectively solving the problem of biocompatibility and achieving a balance between high signal intensity and minimal implantation damage.

The Global Times learned from the team that the clinical trial of this wireless minimally invasive BCI was approved by the Xuanwu Hospital in April 2023. It has also been registered for both international and domestic clinical trials of implanted medical devices.

The second clinical surgery for a patient with spinal cord injury was successfully performed by Professor Jia Wang's team at the Tiantan Hospital on December 19, 2023. The patient is currently undergoing home-based rehabilitation training.

Asked when the NEO technology could be available on the market, Hong told the Global Times that currently, the technology is undergoing large-scale clinical trials in accordance with the relevant regulations. It can be put into actual application after obtaining an implanted medical devices license.

"It is expected to take at least two years," he said.

Editor's Note:

This year marks the 45th anniversary of the establishment of diplomatic relations between China and the US. Manuel C. Menendez, founder and CEO of MCM Group Holdings, was one of the earliest American businessmen to come to China. He facilitated the establishment of the first China-America joint venture.

Over the last 45 years, Menendez has experienced the ups and downs of China-US relations and the expanding economic and trade cooperation between the two countries. Currently, the development of China-US relations is at a critical juncture. Regarding the future direction of China-US relations and how the two countries can strengthen cooperation, Global Times reporters Xie Wenting and Zhao Juecheng (GT) recently interviewed Menendez to gain his perspective on these and more pertinent questions.

GT: On November 15, 2023, Chinese President Xi Jinping and US President Joe Biden held a meeting at the Filoli Estate in San Francisco, US. How do you view the significance of the meeting and its impact?

Menendez: Without engagement and contact, misunderstandings can arise, leading to misjudgments and trouble for everyone involved. That is why the only way to avoid this is to continue the momentum we have now, especially with President Biden and President Xi meeting together. I am extremely excited and pleased that the two presidents were able to meet. I believe we are now on a better platform for stability. Stability is important.

We had a number of very senior officials who came to China in 2023, including Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo, and Senator Chuck Schumer who led a delegation of both Republican and Democratic senators. I think the buildup of the number of high-level meetings is critical at this important stage of US-China relations. It sounds simple, but the most important thing is continued talking, continued engagement, and finding common ground. That is because, in reality, on most things, there is a lot of common ground on which we share common views, whether it's climate change, health issues, or coordinating efforts for natural disasters. I believe these actions are very important for the two largest economies in the world.

But the engagement on what are red-line issues or sensitive issues takes time to roll up your sleeves and have a clear understanding. This applies not only to China and the US but to any country that has sensitive issues that need to be discussed. The most important thing about discussing these more sensitive or national security issues is to spend the time to talk about them on a granular level so that there are no misunderstandings.

In terms of business, the business community always appreciates predictability and stability. I am glad that we are currently on this trajectory.

GT: What are your expectations for China-US relations in 2024?

Menendez: We have to keep it stable, so my hope and wish for the New Year is increased contact and stability.

Will there be significant improvements? I think it will be challenging in 2024. As we enter the presidential season in the US, China will inevitably be part of the discussion. However, it is important to remember that political rhetoric does not always reflect reality.

The reality can be different from what is portrayed in the media and political rhetoric. The reality is that the two countries have done an unbelievably wonderful job over the last 45 years. There have been many companies from the US, in particular, those have entered the Chinese market and have done very well. And Chinese companies that have gone to the US have done a marvelous job there. So, there are a lot of actual benefits that have been witnessed when the number one and the number two economies of the world work together, because it not only helps the US and China, but also helped the world by uplifting the global economy when we work together.

So, I think that there are so many success stories versus the negatives of the not successful stories. There are more successes than failures in these countries, especially because of the US-China trade.

China still remains the main anchor because there is one very important characteristic about China that should never be misunderstood: China is not only a world factory, but also a world market. This is due to the emergence of the middle class in China during my lifetime, which is driving consumption. Therefore, the growth of consumption in China is also what drives the US. The US is a consumer-driven country with a strong middle class, and the same phenomenon has occurred in China.

My expectation in the bilateral relations is for better stability and predictability. After 2024, I am very optimistic that the world economy will adjust, as conflicts in certain regions, which I am praying, will be resolved, come to an end. This will allow us a return to a more normalized situation and enhanced relations in 2025.
GT: What efforts can be made to avoid "gray rhino" events in China-US relations in the coming year?

Menendez: I believe that moving forward, it is crucial for us to gain a better understanding of the world we live in today. The world is a little bit different from how it was 40 years ago, with lots of geopolitical dynamics shifting.

If you look at the global economy, the combined GDP of China and the US alone accounts for approximately 45 percent of the world's GDP, which is amazing for just two countries. Therefore, we must not only focus on the development of our own nations but also recognize our greater role and responsibility in ensuring that we address global issues correctly.

We have to find a way that makes both countries comfortable, ensures their voices and concerns are heard, establish a structured approach moving forward, and allows for shared participation on the global platform. Sharing platforms together is a complex issue because it not only requires the consideration of practical, business aspects, but also geopolitical aspects. However, misunderstandings sometimes arise when it comes to geopolitics.

The only way I know of solving those things is through the continual frequency of discussions, not only at the highest level but also at the operational level of governments.

GT: In your opinion, what is the biggest misunderstanding that some Americans have about China?

Menendez: I think one of the common misunderstandings about China is that China is sometimes portrayed as an aggressive country. I've never felt nor seen that.

When I think of China being aggressive, I don't mean it from any other perspective other than being very aggressive in business. However, all countries are very aggressive in business. We all compete with each other, and with our companies and brands, to gain market share wherever it may be, whether it's a German, French, Italian, or American company. We are always competing aggressively.

But when it comes to aggressively expanding outside of China, I think there is a misconception that China will aggressively go after other regions of the world. I don't think that is the case. In my personal experience, China has adhered more to Confucian thinking of a benevolent society and not seeking to expand its footprint outside of China. If you look at Chinese history over the last 5,000 years, it is not even a part of it.

Besides, China is known for being extremely friendly, particularly toward foreigners who come to visit. This aligns with the Confucian thinking that says when people come from afar, you should welcome them and be happy. China has consistently upheld this philosophy of welcoming foreigners, and I think that's still the case.

My motto is world trade creates world peace. World peace and world trade go hand in hand because when people work together, they are less likely to engage in conflict. I wish I could take everyone from the US to China so that they could see China. And I wish I could take everyone from China to the US because, at the people-to-people level, the people of both countries are very nice and good people.

The one higher purpose of the relationship we should never undervalue is a strong China and a strong US working together. This collaboration not only creates prosperity in both countries but also fosters prosperity in the world and promotes world peace.

GT: There is a growing voice in the US, calling for the so-called de-coupling or de-risking from China, especially in the high-tech arena. What's your take on it?

Menendez: I think that everything in high tech is not a matter of national security. You have to know where the line is. This is what I mean by engagement and talk. Every chip that is manufactured is not a high security or high national security chip as we use chips in various everyday appliances such as washing machines and cars. Almost every modern appliance, including basic ones, incorporates chips. Hence, as I mentioned before, engaging in dialogue and ensuring a clear understanding of the boundaries between our countries is extremely important.

We need to understand each other's sensitivities and have open discussions while maintaining mutual respect. We may not always agree on everything, but we should at least try to understand the reasons behind our disagreements. This way, we can find solutions to have a path forward.

Due to the COVID-19 pandemic, some companies have identified certain flaws in their product delivery to customers. As a result, companies, particularly in the US, have a responsibility to ensure efficient product delivery. Therefore, they have relocated parts of their supply chain. But I am yet to hear of any big-scale companies that have left the Chinese market. They continue to operate in China. They have partly moved some production, maybe to Vietnam or other parts of the world, and maybe a little bit to India, to enhance the resilience of the supply chain.

But China still remains the main anchor because there is one very important characteristic about China that should never be misunderstood: China is not only a world factory but also a world market. This is due to the emergence of the middle class in China during my lifetime, which is driving consumption.

GT: The Chinese government recently announced a raft of measures to attract foreign investment. What are your opinions on these measures? What is your advice for China in terms of attracting foreign investment?

Menendez: China has simplified the process of doing business. I have witnessed numerous improvements over the years. However, one aspect that China needs to address is effectively promoting and informing the world about its policies, so that other countries can understand the benefits.

Success is the key to promoting more foreign direct investment (FDI), as people are more likely to be motivated when they hear about the positive outcomes resulting from specific policies. Real-life examples are the key to further strengthening FDI and making it even more robust than it currently is.

I think that there are areas that can be improved to make the business climate more conducive for investment. However, this is a process that takes time. Changes need to be made based on the current world and market conditions. I consider it an evolutionary process.

In the early days, any form of development was acceptable as China aimed to attract foreign investment and build its own economy and infrastructure. The infrastructure development and the largest migration in human history in China have been a miracle.

One of the great things that China has done, which is positive, is taking people out of absolute poverty. It has been amazing to witness nearly 800 million people coming out of absolute poverty, which is a great achievement. However, that is not the end goal. I always emphasize that getting out of absolute poverty is just the first step. The goal now is to improve people's lives and achieve common prosperity. I think China is working hard toward that.

As China has risen up to this level, you have to give credit to the Chinese entrepreneurs, the Chinese ability to take a policy, and the ability to make it work step by step.

GT: You played a positive role in China's return to the global market in the late 1970s. You have also witnessed significant changes in the Chinese business market over past decades. In your opinion, what are the current advantages that China has to offer to foreign companies and investors?

Menendez: I think the most obvious change is what I mentioned earlier: China has transitioned from being just a world factory to becoming a world market. It now has a significant consumer population. Therefore, companies that have products and services can also sell them in China. This can be referred to as hitting a home run. The concept of a home run implies that if you can manufacture a product in China, you have a competitive advantage in the global market. This advantage stems from the fact that the best product, offering the best price and quality, ultimately emerges as the winner, not only in China but also worldwide.

Now, wherever it is, China has consistently produced the best products with the highest quality and at the most competitive prices, making them the ultimate winner in many categories. Take Apple, for example, with their iPhones and MacBooks manufactured in Dongguan by Foxconn. These products are then distributed worldwide, contributing to Apple's status as the number one company in terms of market capitalization. China has undoubtedly played a significant role in this achievement.

I think companies should consider the Chinese market as an opportunity to manufacture goods here. This does not necessarily mean shutting down high-level or advanced production in the US, but rather having some production in China to capitalize on the growing Chinese market.

I believe there is plenty more room to grow in China. There are still hundreds of millions of people who have yet to move from their current position to the middle class. So, I think there is ample opportunity, what we call runway, in China. However, it is important to have knowledge about the market; where to enter and who to partner with. I like the philosophy of working in China with partners. I like Chinese partners, as they know their market and economy. It is always good to share in the economic equation. When both the China and US work together, both sides win and can achieve mutual success. If we are economically tied together, I believe it is a very powerful formula moving forward.

China witnessed the establishment of more than 48,000 new foreign enterprises from January to November 2023, which serves as one of the parameters indicating confidence in the Chinese market.

Standing on the observation deck, one is easily captivated by the majestic view of the Xiaowan Hydropower Station (Xiaowan). The massive dam, standing tall and proud, stretches across the roaring Lancang River, creating a mesmerizing sight. It is hard to imagine how the model of an advanced Chinese hydropower station, known as the world's landmark double-curvature arch concrete dam, uses its slender body to generate an impressively large output of clean and sustainable electricity and benefit riparian countries along the Mekong River.

As Lancang-Mekong River countries vowed to work together to promote regional prosperity at a recently concluded foreign ministers' meeting held in Beijing, Global Times reporters, together with envoys from many Mekong countries, visited Xiaowan, one of the leading hydropower stations along the Lancang River, to see how it brings practical benefits to downstream countries through flood control, water supply, power generation, and ecological protection.
Practical benefits witnessed

"It's so impressive!" This is the overall consensus of foreign diplomats who have visited Xiaowan. When the engineers of the Xiaowan Hydropower Station were introducing the specific technical parameters of the hydropower station, the Global Times witnessed foreign diplomats' keen interest and continuous praise, as they displayed a strong curiosity in understanding the "difficulties" associated with the Xiaowan project.

They were amazed that Xiaowan has solved many global challenges, and were amazed by the design and manufacturing of large-capacity, large-range, and high-parameter turbine generators in such a complex geological and topographical environment, and under such construction conditions, as well as the 30 years of round-the-clock hard work by the hydropower station personnel from start to completion.

Together with other hydropower stations, Xiaowan increases the discharge and emergency water supply downstream in a timely fashion, effectively alleviating the drought caused by El Nino in downstream Mekong countries, ensuring agricultural irrigation in downstream countries, and preventing seawater invasion in the Mekong Delta. This has fully demonstrated the significance of practical cooperation in Lancang-Mekong water resource management for the benefits of people in the Lancang-Mekong region.

"I am very grateful that I had the chance to see the great achievements of China in the hydropower industry and water management system. Those achievements are results of good policy guidance and tireless efforts of the Chinese people. I believe that all of us can follow the examples of China and on the other hand, China could also share its experiences with us, as suggested in the theme of the trip: shared river, shared future," said Win Myat Aung, Education Counsellor of Embassy of the Republic of the Union of Myanmar in China.

Currently, 11 hydropower stations, including Xiaowan, are operational on the Lancang River. From the map, these power stations are like fortresses of hope built upon the river, providing much needed help to downstream countries when they suffer from extreme flooding and droughts.

Member of the Political Bureau of the Communist Party of China Central Committee and Foreign Minister Wang Yi noted at the 8th Lancang-Mekong Cooperation (LMC) Foreign Ministers' Meeting held in Beijing on December 7 that by enjoying geographical proximity and cultural affinity and drinking water from the same river, the six LMC countries are as close as one family. With a good start, rapid growth, and extensive benefits, the LMC has been expanding in breadth and depth, injecting new vitality into sub-regional prosperity and development and delivering tangible benefits to sub-regional people.

Wang said that joint working groups in six priority areas, including water resources, are progressing in an orderly manner, and mechanisms such as the Lancang-Mekong Water Resources Cooperation Center and the Global Center for Mekong River Studies are operating at high efficiency, making progress daily, delivering results monthly, and reaching new heights annually.

At the meeting, all parties appreciated China's positive contribution to promoting the LMC, and all agreed to strengthen solidarity and cooperation, uphold mutual trust and mutual respect, build a stronger Lancang-Mekong Cooperation Economic Development Belt, and jointly build an even closer Lancang-Mekong community of shared future.

In 2016 and 2019, severe droughts occurred downstream, and China and the Mekong River countries actively cooperated to increase the discharge of reservoirs including at Xiaowan, and provide emergency supplementary water to downstream areas.

In 2016 alone, 12.65 billion cubic meters of water were supplemented to downstream areas, an increase of about 85 percent compared with the natural water inflow during the same period. This effectively alleviated the drought caused by the El Niño phenomenon in downstream countries such as Vietnam, Thailand, and Cambodia, ensuring agricultural irrigation in downstream coastal countries.

Upstream Xiaowan and Nuozhadu hydropower stations also made efforts to reduce peak inundation during the flood season. Additionally, navigation conditions in the lower reaches of the Lancang-Mekong River have significantly improved. In 2001, the Lancang-Mekong international waterway was officially opened for navigation, thanks to increased flow during the dry season, which helped achieve year-round navigation.

The joint visit held in Southwest China's Yunnan Province from December 11 to 15 gathered representatives from the Chinese Foreign Ministry and the Ministry of Water Resources, as well as diplomats and representatives from Cambodia, Laos, Myanmar, Thailand, and Vietnam, to better understand the results of the 8th LMC Foreign Ministers' Meeting, further consolidate consensus, and deepen cooperation on water resources in the Lancang-Mekong region.

Conquer world-class difficulties

Xiaowan is the world's first 300-meter-high double-curvature arch concrete dam, known as the "shoulder of the giants" among China's dam constructors.

Developed by the Huaneng Lancang River Hydropower Development Company, Xiaowan has a total storage capacity of 15 billion cubic meters. The power station is equipped with 6 units at a total installed capacity of 4200MW. It became fully operational in August 2010, with an average annual power generation of 19 billion kilowatt-hours.

Global Times reporters learned that the Xiaowan Hydropower Station is widely recognized as one of the most challenging hydropower projects in the world in terms of construction. The completion of the project has filled many technical gaps in China's hydropower industry and is a milestone in leading the development of global hydropower construction.

After the completion of Xiaowan, downstream cascade power stations are now able to increase their power generation during the dry season by approximately 1.1 million kilowatts-hours, which is equivalent to building a million-kilowatt hydropower station without spending a penny.

Pan Jiazheng, the late Academician of Chinese Academy of Sciences once said: "After the construction of the Xiaowan Hydropower Station, it is no more that the Chinese who will go abroad to learn about hydropower construction, but the foreigners who come to China to learn about hydropower construction." This is because challenges in the design and construction of Xiaowan, a 300-meter-high arched dam and the stability of its shoulder under complex geological conditions, have been successfully solved.

The successful construction of Xiaowan has put China at the forefront of the world's hydropower construction in terms of design, scientific research, construction, and management, according to the introductions of the engineers responsible for the construction of the hydropower station during the visit.

Closer community of shared future

Counsellor Sun Lushan from the Department of Boundary and Ocean Affairs, China's Ministry of Foreign Affairs, called the LMC water resources cooperation a "golden model" of Lancang-Mekong cooperation.

"LMC cooperation is characterized by a high starting point, rapid development, deepened cooperation, a wide range of profiting parties, and additional benefits. It is becoming a role model of national cooperation and a benchmark for South-South cooperation, which will go a long way in ensuring prosperity and development of the sub-region," Sun said at the International Symposium on the Multistakeholders' Involvement in LMC Water Resources Cooperation of LM Trip held on December 14.

"Countries in the Lancang-Mekong sub-region are not only China's friendly neighbors, but also strategic partners. We are ready to continue to work with our friends to promote more pragmatic cooperation in the sub-region through Chinese modernization so as to contribute to the development of the region and the world at large," Sun noted.

Looking ahead, China will continue to pursue good neighborhood diplomacy of amity, sincerity, mutual benefit and inclusiveness by further deepening water resources cooperation with all parties, sharing development opportunities, addressing common risks and challenges, and building a community in water resources for shared future, Sun added.

Zhou Zhiwei, secretary-general of Lancang-Mekong Water Resources Cooperation Center, revealed at the symposium that since the implementation of the Five-year Action Plan of Lancang-Mekong Water Resources Cooperation (2018-2022), the water resources authorities of the six member countries have been actively organizing and implementing more than 50 water-related livelihood projects. The Lancang-Mekong Sweet Spring Project has established a total of 62 rural water supply technology demonstration points, providing local residents with safer drinking water, and technical demonstrations for the member countries as well. It was included in the List of Practical Cooperation Deliverables of the 3rd Belt and Road Forum for International Cooperation held on October 18, 2023.

Another project, named "Dam Safety Evaluation Action Plan for Lancang-Mekong Countries," has conducted safety inspections and demonstrations on dams in Laos, Thailand, and Vietnam. Safe wings have been installed for the dam to better serve humanity.

China also supported the carrying out of hydrological monitoring projects and has built a central station and 25 automatic monitoring stations in Laos. "It will help us to better understand rivers and lakes, and better respond to flood and drought disasters," Zhou said.

Moreover, since November 2020, China has provided annual Lancang River hydrological data to the five Mekong countries and the Mekong River Commission. The Lancang-Mekong Water Resources Cooperation Information Sharing Platform website has been put into operation, and more than 50,000 pieces of information have been shared in a timely manner.

"I highly value an active contribution from member countries, especially China, in Mekong-Lancang development, particularly in 2021 when many projects were adopted by the leaders that supported the LMC special fund, and I do believe that in the coming years, the water related projects will increase productively," said Singhalath Boupha, the third secretary of the Embassy of the Lao People's Democratic Republic in Beijing.

"Thailand has seen the benefits of this cooperation," said Wanapol Sangiamsin, deputy consul-general at the Royal Thai Consulate General in Kunming. "As the incoming co-chair of the Lancang-Mekong Cooperation, Thailand looks forward to collaborating closely with other Lancang-Mekong colleagues toward the realization of a peaceful community of shared future, sustainable development, and prosperity."

In the context of the 2024 and 2025 Chinese-Russian Years of Culture, a marvelous opera concert was staged on Wednesday at the Russian Culture Center in Beijing.

Tatiana Urzhumtseva, director of the Russian Culture Center in Beijing and, Yuri Alexandrov, director and founder of the St. Petersburg Opera Theatre attended the performance and delivered speeches.

Alexandrov noted that the two countries have cemented close relations and Russia shares unbreakable brotherly ties with China. Meanwhile, Urzhumtseva underscored the Beijing Opera's long history that has become a beautiful representation of Chinese culture.

"We have appeared for the first staged opera in Beijing," Russian stars from St. Petersburg Opera Theatre and "Zazerkalie" Theatre told the Global Times on Wednesday.

They expressed their willingness to warmly welcome Chinese art experts to Russia and also noted that China has a long history of culture, especially witnessed in its diverse opera traditions such as the Beijing opera and Sichuan opera.

"I'm looking forward to seeing more cultural collaborations with China and hope that the Chinese chorus will come to Russia," one Russian star from St. Petersburg Opera Theatre told the Global Times.

Alexandrov agrees, saying: "I love Chinese culture and I promise that the exchanges between the two countries will deepen further," he said.

Alexandrov first came to China about 35 years ago, and remarked on the massive change that Beijing has undergone since then during his most recent visit, especially in terms of economy and culture.

"The technology in China is very advanced, even in the small cities, and it allows actors to perform in an authentically artistic atmosphere," Alexandrov told the Global Times.

As the Russian opera director, Alexandrov, won The Golden Mask (Russia's highest theater award) in the the categories of "Best Opera Production," "Best Opera Director," "Best Opera Designer," and "Best Opera Conductor," for his 1999 production of Prokofiev's Semyon Kotko.
There were 13 songs from well-known operas such as the Queen of Spades performed during the concert, which captivated numerous Chinese and Russian audience members and received thunderous applause.

China-Russia relations have been deepened and developed in recent years, and the achievements of cultural exchange between the two countries are obvious to all.

In November, the Mariinsky Theater's Opera, Ballet, Chorus, and Symphony Orchestra toured six cities: Beijing, Shanghai, Nanjing, Harbin, Taiyuan, and Zhuhai.

In September, the opening ceremony of 2023 China Film Festival successfully kicked off in Moscow, Russia, attracting hundreds of moviegoers to watch the opening drama film Home Coming, starring Zhang Yi. It was another significant event under China-Russia collaboration, after the Russian Film Festival which took place in three cities across China, in Beijing, Heihe in Northeast China's Heilongjiang Province, and Suzhou in East China's Jiangsu Province, running from August 27 to September 3. This was the first time the Russian Film Festival project split screenings across three cities in China.

China's top anti-graft watchdog has placed four "tigers" under investigation from sectors including public security, finance and state-owned enterprises in the past week, demonstrating the country's strong determination to continue its efforts in deepening the fight against corruption, the Central Commission for Discipline Inspection (CCDI) said on Tuesday.

Experts noted that the financial and medical sectors will become the key targets of this year's anti-graft campaign, and the high intensity indicates there will be more senior officials to be put under probe than in previous years.

The four senior officials include former anti-terrorism chief Liu Yuejin, former vice president of China Development Bank Li Jiping, former general manager of China National Offshore Oil Corporation (CNOOC) Li Yong and vice chairman of the Standing Committee of the Heilongjiang Provincial People's Congress Li Xiangang, according to the report published by CCDI's official media outlet on Tuesday.

Liu Yuejin, 65, is the first senior official from the public security system to fall after the conclusion of this year's two sessions. Liu served as the commissioner for counterterrorism from December 2015 until June 2020, which makes him the first and so far the only person to have served in this former vice-minister level post.

With the addition of Liu, the number of senior officials under probe in 2024 has increased to 13, Caixin reported on Tuesday.

Multiple media reports revealed over recent days that Tian Wei, an academician of Chinese Academy of Engineering and former president of China's top-tier hospital, the Beijing Jishuitan Hospital, is under investigation on suspicion of corruption.

Tian's case reportedly involves a substantial amount of money, Caixin reported on Sunday, marking a "landmark case" in China's anti-graft campaign in the healthcare sector.

"Corruption is the biggest cancer that undermines the vitality and effectiveness of the Communist Party of China (CPC), and anti-corruption is the most thorough self-revolution," read the CCDI report.

Also on Tuesday, China announced the initiation of the "Sky Net 2024" campaign specially dealing with the pursuit and recovery of corrupt officials and assets overseas. It includes cracking down on the use of offshore companies and underground money transfer networks for illicit funds, conducting special operations to trace and retrieve assets in cases of fugitive suspects and defendants, among others.

"This year's anti-graft campaign features the strong intensity regardless of the corrupt individuals' previous contributions. No matter who you are or what you have achieved in the past, there will be no leniency. This should serve as a significant deterrent to potential offenders," Tang Renwu, dean of the School of Governance of Beijing Normal University, told the Global Times on Tuesday.

It demonstrates the CPC's commitment to carrying out the anti-corruption campaign to the end, not just in words but also in actions, which is a very important aspect in consolidating the ruling foundation of the Party, Tang said.

Based on the current trend, the number of corrupt officials targeted this year may exceed that of 2023, Tang noted.

According to data, in 2023, the national discipline inspection and supervision organs handled more than 1.7 million problem clues and filed 626,000 cases, 87 of which involved senior officials. And among the 610,000 individuals disciplined, 49 were provincial and ministerial-level officials, the CCDI report revealed on Tuesday.

A communiqué adopted by the 20th CPC Central Commission for CCDI on January 10 pointed to a number of fields of key targets for 2024, including the financial sector, state-owned enterprises, universities, sports, tobacco, medicine, grain purchase and marketing, and statistics.

Tang believes that the financial sector is a critical area of concern. There are some deep-rooted problems in the field, and the impact of corruption in the financial sector poses a great impact on social stability given it is a hub for the national economy. More than 100 officials within the financial system were put under disciplinary review in 2023, involving areas such as banking, insurance, and securities, according to publicly available data.

Another target would be the healthcare and education sectors, which relate closely to people's livelihood but had been overlooked in previous years, experts noted.

In addition, Tang believes that with cases accumulating over the past few years, there will be more threads that lead to deeper connections and more complex matters being dug out this year, which may involve those who have been retired for a long time. It will not simply be limited to one sector, but an intertwined story involving multiple sectors," Tang said.

Despite the overwhelming achievements made over the past few years, the anti-corruption situation remains severe and complex, said the report. For example, groups and factions still pose a threat to political security, while the misappropriation of policy dividends hinders the implementation of major policies.

Furthermore, the formation of interest groups between government and business has led to regional corruption, with the means of corruption becoming more hidden.

Chinese experts said on Monday that Australia's move to suspend anti-dumping tariffs targeting wind towers from China is in line with Australia's green development, and is also a "good gesture" by the Australian side ahead of a visit by Chinese Foreign Minister Wang Yi.

Australia announced it would suspend trade remedy measures against China's wind towers when the current measures expire on April 16, 2024, according to a notice released by Australia's Department of Industry, Science and Resources on Friday.

The notice, signed by Australian Minister for Industry and Science Ed Husic, said that the Anti-Dumping Commission has completed an inquiry into whether the continuation of anti-dumping measures applying to certain utility scale wind towers exported from China is justified. The inquiry commenced on May 12, 2023, and the measures are in the form of a dumping duty notice applying to all exporters from China except Shanghai Taisheng Wind Power Equipment Co.

Wind towers are used to create cross ventilation and cooling in buildings.

The anti-dumping measures targeting wind towers have not only affected normal operation and business diversification for Chinese businesses, but have also increased the cost for Australia to optimize its energy structure amid its energy transition, Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times on Monday.

Zhou added that the move is in line with Australia's need for development, noting that the termination also released a positive signal for promoting economic and trade recovery.

This is a good gesture by the Australian side amid Wang's visit, Zhou Fangyin, professor at the Guangdong Research Institute for International Strategies, told the Global Times on Monday. The professor also noted that China is conducting a review of anti-dumping and countervailing duties on Australian wine and may eventually cancel those duties.

Zhou Mi said that both Australia and China have been reviewing the cases and making decisions under the WTO framework.

Zhou Fangyin said Wang's visit will help cement the achievements of bilateral relations by reducing impediments, although few new cooperation projects are in sight.

"Many Australian products such as beef, lobster and barley are of good quality and they are competitive in the Chinese market. However, the previous Australian government's provocative behavior put off many Chinese consumers," Zhou Fangyin said.

He said Canberra should figure out where its own interests lie and stop following the US' anti-China policies too closely. "By doing that, China-Australia relations are expected to maintain stable development," he said.

Wang is paying an official visit to New Zealand and Australia from Sunday to Thursday, China's Foreign Ministry announced previously. Australian companies have expressed high hopes for Wang's visit to Australia with the Global Times in recent interviews, saying that they hope to expand their presence in the Chinese market and strengthen mutually beneficial economic and trade cooperation with their Chinese partners.

As for the much-watched anti-dumping and countervailing duties on Australian wine, the Chinese Ministry of Commerce (MOFCOM) said on March 14 that China will make a final review ruling in accordance with the investigation procedures.

Last week, the ministry disclosed the basic facts regarding the ruling, and gave all parties an opportunity to express their opinions.

China and Australia reached a consensus on resolving their disputes on wine and wind towers properly under the WTO framework, MOFCOM announced in October 2023. The two countries have conducted friendly consultations under the WTO framework governing areas that are of mutual concern, and they have reached consensus on properly resolving them, a MOFCOM spokesperson said in a statement published in October.

Australia's Anti-Dumping Commission in October already proposed to recommend that the anti-dumping measures on wind towers exported to Australia from China expire on April 16, 2024.

China is opening its door wider and wider to welcome foreign visitors, as the country extended its visa-free policy to six more countries, including Switzerland and Ireland, starting on Thursday. The move is aimed at boosting inbound tourism and people-to-people exchanges.

The latest move comes as China has already waived visa requirements for citizens from more countries, including those in Southeast Asia, and has also moved to address other issues for foreign visitors, including payment hurdles, underscoring the country's commitment to opening-up, experts said.

Coming at a time when many major countries such as the US are tightening visa policies for Chinese citizens, China's series of opening-up moves highlight the country's confidence and openness that is conducive for an open world economy, in stark contrast to a rising isolationist and protectionist tide in some countries, experts also noted.

In the latest development, from Thursday to November 30, 2024, citizens from six European countries - Switzerland, Ireland, Hungary, Austria, Belgium and Luxembourg - are able to visit China for business, sight-seeing, transit and other purposes for up to 15 days without having to apply for a visa.

The visa-free policies for the six countries were already announced previously, and airlines, travel agencies and visitors have already been preparing for its implementation, with an increased number of flights between China and those countries and surging inquiries and bookings.

On Thursday, the first direct flight between South China's Guangdong and the six European countries after the visa-free policy officially took effect arrived in Shenzhen. The fight originated from Brussels, Belgium, and was operated by Hainan Airlines, which carried more than 20 Belgian nationals.

Anticipating a growing number of passengers, Hainan Airlines told the Global Times on Thursday that it currently operates two direct flights to Brussels, with the one between Beijing and Brussels running daily and the one between Shenzhen and Brussels flying three times a week.

Meanwhile, searches for flights from Europe to China have also surged. As of Thursday afternoon, searches for flights from Zurich to China have increased by 60 percent compared with last week, Chinese online travel platform Qunar.com told the Global Times on Thursday.

Overall, after the visa-free policies took effect on Thursday, some routes between China and those of European countries have shown a growth trend and the number of flights between China and Europe is increasing slightly, according to aviation information provider VariFlight.

"This may indicate that the visa-free policy will promote tourism and business exchanges between the two sides and further strengthen ties between China and Europe," VariFlight told the Global Times on Thursday.

In December 2023, China also waived visa requirements for citizens from six countries, including five European nations such as France and Germany.

China has also recently signed agreements with Singapore, Malaysia and Thailand on mutual visa exemption. Such moves have already boosted the number of inbound travelers, which reached 3.23 million during the Chinese Lunar New Year holidays, and the number of visitors from those visa-free countries doubled that of 2019, according to China's Foreign Ministry.

In addition to visa exemptions, China has also rolled out a slew of other measures to make it more convenient for foreign nationals to visit, including streamlining visa applications and improving payment services. Due to issues surrounding the acceptance of foreign bank cards and identity authentication procedures, many foreign visitors have faced difficulties when using China's mobile payment services, which is the most commonly used payment mothed in China. Hence, Chinese authorities have taken various steps to address these issues.

Last week, the State Council, China's cabinet, issued a notice asking banks and payment and clearing entities to strengthen cooperation to continuously improve and expand mobile payment services for foreign visitors. On Thursday, the People's Bank of China, the central bank, issued a guide to payment services in China, saying foreign visitors now have a number of payment options, including mobile payments.

Openness, confidence

The measures aimed at boosting inbound travel and people-to-people exchanges are just part of China's continuous, comprehensive opening-up drive, which reflects the country's openness and confidence, even when many countries are turning inward, experts said.

"These visa-free policies are actually a manifestation of China's attitude that we are encouraging people-to-people exchange, supporting economic globalization and against trade protectionism," Bian Yongzu, a senior researcher with the Chongyang Institute for Financial Studies at the Renmin University of China, told the Global Times on Thursday.

As some countries are trying disrupt economic and people-to-people exchanges between nations with the pretext of national security, causing great uncertainty for the global economy, "we are coping with this period of uncertainty with this mindset of greater openness and confidence," Bian said.

The US, in particular, has been seeing a surge of xenophobia and protectionism and has actually taken a litany of measures that disrupt global economic cooperation. Worse yet, Washington has been seeking a decoupling between China and the US by cracking down on Chinese firms, restricting normal trade and commercial activities, and even imposing strict visa requirements and treating Chinese students unfairly at the ports of entry.

"Indeed, there are some protectionist tendencies in Europe and the US," Bian said, noting that some of these countries are facing profound internal difficulties that they have no viable solutions to address, so they have resorted to cracking down on developing countries. "Trade protectionism is just a political expedient that is unsustainable."

In contrast, China, even as it faces an increasingly complex external environment, has been opening up its economy and advocating for an open world economy. The Government Work Report, adopted at the recently concluded two sessions, said that China will further deepen reform and opening-up across the board. As an example, all market access restrictions on foreign investment in manufacturing will be abolished, and market access restrictions in services sectors, such as telecommunications and healthcare, will be reduced, according to the report.

China's continued opening-up, particularly institutional opening-up, will not only make it more convenient for foreign businesses and investments to enter China, but will also boost their confidence and sense of certainty about China's economic development, experts said.

"Moreover, it will also help foreign governments form a deeper understanding of China's economic development and become more willing to cooperate with China, which in turn helps share China's external environment," Bian said.

The business performances of foreign-invested companies in China are particularly impressive. Those that have been operating in China are making expansion plans, while more and more foreign companies are coming to invest and settle in the Chinese market to seize growth opportunities.

Analysts on Tuesday attributed the attractiveness to China's huge market, continued opening-up policy and improved business environment.

US-based multinational pharmaceutical company MSD reported operating revenue of $6.71 billion in China in 2023, up 32 percent year-on-year, accounting for 12.5 percent of its global revenue.

German automotive supplier Bosch reported sales growth of 5.2 percent in China in 2023, totaling 139.1 billion yuan ($19.4 billion).

Apple's revenue from China accounts for about one-fifth of its total revenue.

The financial results of HSBC Holdings showed that the company made more than $1 billion in profit from the Chinese mainland in 2023.

"We remain confident in the resilience of the Chinese economy, and the growth opportunities in the Chinese mainland over the medium to long term," Noel Quinn, CEO of HSBC Holdings, said in a statement along with the release of the 2023 results.

In 2023, China was Finnish elevator maker KONE's largest single market globally. Sales from the China market accounted for 26 percent of its global sales, according to its results.

Such business performances show why foreign-funded companies are increasing their presence in the Chinese market.

As one of the latest examples, Apple announced on Tuesday that it will open a new research and development (R&D) center in Shenzhen, South China's Guangdong Province and upgrade its Shanghai R&D center to support product manufacturing.

Apple will also add a new store in downtown Shanghai on March 21, which will reportedly be the highest-standard Apple store in the Chinese mainland. It will be its 57th store in Shanghai.

Bosch on Monday won approval to start construction of the second phase of a production base for new-energy vehicle components and a self-driving R&D center in Suzhou, East China's Jiangsu Province, the Suzhou Industrial Park announced on its WeChat account on Tuesday.

Total investment for Bosch's Suzhou production and R&D base will exceed $1 billion. Phase one of the project is expected to begin trial production in September, and formal mass production will be achieved in early 2025.

Newcomers have also emerged. For example, on Monday, US fashion brand Supreme announced a plan to open its first store in China, which will be its 17th store worldwide, media reported.

The number of newly established foreign-invested enterprises in China amounted to 4,588 in January, an increase of 74.4 percent year-on-year, data from the Ministry of Commerce showed.

In 2023, 53,766 foreign-funded enterprises were newly established in China, up 39.7 percent over the previous year, according to the National Bureau of Statistics.

Analysts said that China's economy has returned to the normal track of growth, and foreign investment will stick to the country's huge market.

China's leading position in global economic growth will provide plenty of investment opportunities, Yang Delong, chief economist at the Shenzhen-based First Seafront Fund Management Co, told the Global Times on Tuesday. "China's overall industrial advantages and unchanging position in global supply chains remain attractive to foreign investors," Tian Yun, a veteran economist based in Beijing, told the Global Times on Tuesday.

For example, KONE said in its 2023 financial results that the majority of components used in the company's supply chain are sourced from external suppliers, a significant number of which are located in China.

Apart from having a huge market, growth potential and industrial advantages, analysts also noted that China has been continuously opening up its markets to foreign investment.

The business environment in the Chinese market has been continuously improved, and the market's vitality has been continuously stimulated, the analysts said.

The 2024 Government Work Report, delivered at the opening meeting of the second session of the 14th National People Congress, outlined the country's efforts to attract foreign investment. For example, all market access restrictions on foreign investment in manufacturing will be abolished, and market access restrictions in services, including telecommunications and healthcare, will be reduced.

Tian expected that China's attractiveness to overseas capital will be higher in 2024 than in the previous year.

"We believe that China will remain on a positive trajectory in the long run, and its market will continue to attract multinational corporations as well as foster new start-ups," Denis Depoux, global managing director of Roland Berger, told the Global Times in a recent interview.