Charles-Edouard Bouée: China has entered a new era of opening-up under new Foreign Investment Law

Charles-Edouard Bouée CEO of Roland Berger (Photo:Wang Yuran/ People’s Daily Online)

The 2019 China Development Forum (CDF) initiated by the Development Research Center of The State Council kicked off on March 23 in Beijing, under the theme of “Greater Opening-up for Win-Win Cooperation”. People’s Daily Online held an exclusive interview with Charles-Édouard Bouée, global CEO of international consulting firm Roland Berger and he said that China has entered a new era of opening-up with the newly passed Foreign Investment Law. Mr. Bouée spoke highly of the 2019 CDF, noting the resolution of all participants to reach a consensus to embrace greater opening-up for win-win cooperation. “Everyone here is focusing on how to make the world better, stronger and with deeper cooperation,” said Mr. Bouée, “It’s a good resonance.”

The year 2019 marks the 70th anniversary of the founding of the People’s Republic of China. Mr. Bouée applauded the profound changes that China has made over the last 70 years and brought up his idea about China’s economic transformation in terms of high-quality development. In his opinion, high-quality development includes quality of products, quality of services, innovation and quality of management. When it comes to the newly passed Foreign Investment Law, Mr. Bouée said that China has always been open to the world, and the country is now entering a new era where domestic companies could improve their product quality by competing with their foreign counterparts.

He also added that the biggest challenge right now is the implementation of the law to ensure a high-level business environment for foreign investors. Besides reform and opening-up, Mr. Bouée also spoke highly of China’s Belt and Road Initiative. “The Belt and Road Initiative is a good idea,” said Mr. Bouée, adding that it has been well communicated and welcomed by many countries.

(People’s Daily)