Foreign
Embracing China is embracing opportunities
By He Yin, People’s Daily
On March 28, Chinese President Xi Jinping met with representatives of the international business community at the Great Hall of the People in Beijing. More than 40 global chairmen and chief executive officers of foreign businesses as well as representatives of business councils attended the meeting.
Xi said that foreign businesses are important participants in the Chinese modernization drive, in the country’s reform and opening up and innovation, and in its interconnectivity with the world and integration into economic globalization.
He stressed that China has been and will remain an ideal, secure, and promising destination for foreign investors. Embracing China is embracing opportunities, believing in China is believing in a better tomorrow, and investing in China is investing in the future.
In a signal of China’senduring role in the global economy, top executives from multinational corporations (MNCs) recently convened in the country for a series of high-profile international conferences, including the China Development Forum 2025, the Boao Forum for Asia Annual Conference2025, and the 2025 Zhongguancun (ZGC)Forum Annual Conference. Their presence underscores China’s continued appeal as a hub for innovation and economic engagement.
As a major contributor to global economic growth, China is bringing much-needed stability to the world as it advances its modernization drive. In the first two months of this year, China’s economic recovery gained momentum, marked by rising potential in its vast consumer market, steady progress in institutional opening up, and rapid development of new quality productive forces – drawing a continuous influx of international capital.
Amid rising geopolitical tensions, protectionism, and mounting global economic uncertainties, China’s commitment to high-quality economic growth has provided a rare sense of warmth and confidence for global businesses.
With its huge market, clear policy direction, and well-developed business environment, China remains a critical destination for foreign investment. Since the beginning of this year, China has rolled out a range of measures, including an action plan to stabilize foreign investment and policies outlined in the government work report to stabilize foreign trade. These measures seek to further ease market access, align with high-levelglobal standards, facilitate investment, and create a more favorable business environment – underscoring China’scommitment to sharing growth opportunities with the rest of the world.
MNC executives have expressed their optimism, describing China’s market as both dynamic and indispensable. “The opportunities and growth potential in China are truly exciting,”one executive noted, while another affirmed, “China is not just an option but a must.” This shared confidence is steadily translating into concrete investment commitments, reflecting sustained interest in the country’s economic trajectory.
ForMNCs, China has evolved beyond a manufacturing hub into a critical center for research and development. Its dynamic innovation ecosystem provides a crucial platform for global companies seeking to enhance their competitiveness.
Germany’s leading luxury automaker Mercedes-Benz, for instance, will invest an additional 14 billion yuan ($1.92 billion) into the Chinese market, increasing its product portfolio in the country. American medicine giant Eli Lilly and Company has opened its innovation accelerator Lilly Gateway Laboratory in Beijing, the company’s fourth facility of its kind and the first to open outside the U.S. – drawn by the vast opportunities brought about by China’s technological advancements.
A recent PwC survey of over 100 executives from MNCs found that50 percent of surveyed MNCs believe the importance of China’s innovation ecosystem to their global strategies will continue to grow.
Antoine de Saint-Affrique, CEO of French food group Danone, views China as not just a crucial market but also as one of the world’s most advanced innovation ecosystems.
Multilateralism is the only choicefor addressing global challenges. Foreign businesses, especially MNCs, play an important role and bear significant responsibility for maintaining the global economic order. Amid growing calls for “decoupling” and “severing supply chains,”China has reaffirmed its commitment to upholding true multilateralism, promoting universally beneficial and inclusive economic globalization, actively participating in global economic governance, and building an open world economy.
ForMNC executives, amid growing protectionism, China has continuously expanded opening up, injecting stability into the global economy, and has become an oasis of certainty and a hot spot for investment and entrepreneurship.
China firmly safeguards the multilateral trading system with the World Trade Organization at its core, proactively aligns with high-standard international economic and trade rules, and maximizesRCEP’s benefits, with trade partnerships covering more than 230 countries and regions.
The country is ready to work with the global business community to safeguard the multilateral trading system, maintain the stability of global industrial and supply chains, protect the international environment for openness and cooperation, and advance economic globalization in the right direction.
Foreign
Takaichi ‘s provocation on Taiwan Question is never tolerated
By Zhong Sheng, People’s Daily
Recently, Japanese Prime Minister Sanae Takaichi publicly asserted in the Diet that a so-called “Taiwan contingency” could constitute a “survival-threatening situation,” implying that might invoke its right to collective self-defense and militarily intervene in the Taiwan question.
This constitutes a blatant interference in China’s internal affairs, a serious breach of the one-China principle, and a flagrant challenge to the post-World War II international order.
Insightful figures from both China and Japan have pointed out in clear terms that this is the first time since Japan’s defeat in 1945 that a Japanese leader has officially linked the fallacy that “any contingency for Taiwan is a contingency for Japan” with collective self-defense rights, the first time a Japanese leader has explicitly expressed ambitions for armed involvement in the Taiwan question, and the first time Japan has issued an overt military threat toward China on this matter.
The malicious intent is extremely pernicious, the nature exceedingly egregious, and the consequences gravely severe. The Chinese government and the Chinese people express strong indignation and resolutely oppose these remarks.
Since modern times, Japanese militarism carried out frenzied aggression and expansion abroad, committing countless atrocities in China. In 1895, Japan forcibly seized Taiwan through the Treaty of Shimonoseki and imposed 50 years of colonial rule, brutally suppressing resistance from the people in Taiwan, plundering resources, and causing grave damage to Taiwan’s economy, culture, and people’s livelihoods.
In 1945, following 14 years of arduous and heroic struggle, China won the great victory in the Chinese People’s War of Resistance Against Japanese Aggression. Japan signed the Instrument of Surrender and accepted the Cairo Declaration, the Potsdam Proclamation, and other international legal documents stipulating that Taiwan be restored to China. China resumed the exercise of sovereignty over Taiwan, a glorious chapter in the Chinese nation’s pursuit of national reunification and an integral part of the post-war international order.
This year marks the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, as well as the 80th anniversary of the restoration of Taiwan. The one-China principle has long been a consensus widely accepted in the international community.
As a defeated country, Japan should reflect deeply on its historical responsibilities, honor the commitments it has made to China and the international community, and genuinely act to fully reflect on its wrongdoing and respect China’s sovereignty and territorial integrity.
Yet Takaichi is attempting to bind China’s Taiwan region to Japan’s so-called “security interests,” seeking to fabricate excuses for Japanese military interference in the Taiwan question and exposing Japan’s designs and ambitions to intervene militarily in the Taiwan Strait. This sends gravely wrong signals to “Taiwan independence” separatist forces, seriously violates the core tenet of the one-China principle affirmed in the 1972 China-Japan Joint Statement, and runs counter to the common understanding in the fourth political document between the two countries signed in 2008 that the two countries are cooperative partners that do not pose a threat to each other. It severely undermines the political foundation of China-Japan relations.
Takaichi’s fallacies on Taiwan are by no means isolated political rhetoric. Behind them lies the obsession and arrogance of Japan’s right-wing forces in seeking to break free from the constraints of the Pacifist Constitution and pursue the status of a “military power.”
In recent years, Japan has raced down the path of military buildup, hollowing out its Pacifist Constitution, completely abandoning its “exclusively defense-oriented” policy, and even attempting to overturn its Three Non-Nuclear Principles.
Against this backdrop, linking a so-called “Taiwan contingency” to the exercise of Japan’s right to collective self-defense raises concerns. This linkage appears designed to justify Japan’s military expansion and carries the dangerous signal of a potential resurgence of militaristic tendencies in Japanese policy.
From her repeated visits to the Yasukuni Shrine, to the denial of the historical reality of the Nanjing Massacre, and the promotion of the “China threat” narrative, mirrors the troubling path of Japan’s past militarism. These actions constitute an effort to whitewash Japan’s history of aggression and honor militarist figures.
Historically, Japanese militarism frequently invoked the so-called “survival-threatening situation” to justify foreign aggression. This pattern included the brazen fabrication of the September 18th Incident under the guise of “exercising the right of self-defense,” which triggered Japan’s full-scale invasion of China. The revival of such rhetoric today prompts a deeply concerning question: is Japan risking a repetition of its past mistakes?
The great rejuvenation of the Chinese nation and national reunification are historical trends that no force can stop. The resolve of the Chinese government and people to safeguard national sovereignty and territorial integrity is rock-solid. The Taiwan question is at the very core of China’s core interests. Anyone who dares to touch this red line will face the resolute opposition of more than 1.4 billion Chinese people and the entire Chinese nation.
We again sternly warn the Japanese side: If Japan dares to attempt an armed intervention in the cross-Strait situation, it would be an act of aggression and definitely meet a firm response from China. The Japanese side must correct its wrongdoing at once and retract the unjustified remarks. Otherwise, all the consequences arising therefrom must be borne by the Japanese side.
Eighty years ago, the Chinese people defeated Japanese militarist aggression. Today, the Chinese nation has the firm will, full confidence, and sufficient capability to thwart any attempt at “Taiwan independence” and any external interference. Those who play with fire will surely perish by it. Any forces attempting to obstruct China’s complete reunification are engaging in futile resistance against an unstoppable tide — they will face resolute countermeasures and meet with utter failure.
Foreign
Seizing historical initiative in development of information revolution
By He Yin, People’s Daily
This year marks the 10th anniversary of Chinese President Xi Jinping’s proposal to build a community with a shared future in cyberspace.
From Nov. 6 to 9, the 2025 World Internet Conference (WIC) Wuzhen Summit was held in Wuzhen, east China’s Zhejiang province.
At the event, Chinese and foreign participants reviewed the fruitful outcomes and vivid practices achieved over the past decade in building a community with a shared future in cyberspace, discussed ways to promote win-win cooperation in global cyberspace, and pooled wisdom and strength for the sound development and governance of the Internet.
The vision of building a community with a shared future in cyberspace was proposed by China and belongs to the world. In 2015, Xi creatively put forward this important initiative in response to the pressing question of “where the global Internet should head.”
The vision conforms to the trend of the information age and the overarching trajectory of human progress, while addressing the risks and challenges facing cyberspace. It calls for respecting cyber sovereignty, safeguarding peace and security, promoting openness and cooperation, and maintaining good order, while aiming to speed up the building of global internet infrastructure and promote interconnectivity, build an online platform for cultural exchange and mutual learning, promote innovative development of cyber economy and common prosperity, maintain cyber security and promote orderly development, and build an internet governance system and promote equity and justice.
It also stresses the importance of achieving shared development, ensuring common security, realizing joint governance, and enjoying benefits together, and advocates giving priority to development, sharing weal and woe, and promoting mutual learning among civilizations.
The Chinese initiative provides systematic answers to key questions such as “for whom should the Internet develop” and “how should it be governed,” offering a clear and comprehensive conceptual framework as well as practical pathways for action. It has gained growing recognition and support from the international community.
By spearheading cooperation through pioneering practices, the WIC has become a platform for pooling global wisdom and building broad consensus.
During this year’s Wuzhen Summit, a wide range of innovative technologies, including autonomous driving vehicles, eye-tracking input solutions for accessibility, and AI-powered painting, were showcased.
The event honored 17 cutting-edge projects covering frontier areas such as large-scale AI models, intelligent Internet systems, embodied intelligence, and quantum computing with the WIC Awards for Pioneering Science and Technology. Additionally, 12exemplary cases of jointly building a community with a shared future in cyberspace were unveiled. The WIC continues to serve as a bellwether for global Internet technology innovation.
So far, more than 210 institutions, organizations, enterprises, and individuals from over 40 countries and regions have joined the WIC as members. In recent years, the conference has expanded its global network through initiatives such as the Nishan Dialogue on Digital Civilization and the WIC Asia-Pacific Summit, strengthening its role as an indispensable platform for international dialogue and cooperation.
Since China gained full access to the global Internet more than 30 years ago, it has actively contributed to cyber peace, progress, and governance while benefiting from worldwide internet development.
China participated in the UN’s cybersecurity processes, including treaty negotiations, and supports the UN’s central role in global cyberspace governance. With extensive experience and cutting-edge technologies in mobile internet applications, digital payments, and short videos, China actively shares these advancements through international cooperation, helping more countries and their citizens share the benefits of internet development.
In global Internet development and governance, China has always upheld true multilateralism and firmly safeguarded international fairness and justice.
It insists that the building of a community with a shared future in cyberspace should be based on multilateral and multiparty participation and consultation, respect for cyber sovereignty, and a spirit of partnership.
Today, the global distribution of Internet development resources remains uneven, and cybersecurity threats are increasingly complex. In response, all stakeholders must embrace digital transformation trends – prioritizing innovation as the key driver, security as the fundamental requirement, and inclusivity as the core value. Accelerated efforts are needed to advance cyberspace development that is innovative, secure, and inclusive.
China actively promotes international cooperation and encourages countries around the world to complement each other’s strengths and achieve shared progress in cyberspace. A series of initiatives, including the establishment of a Cooperation Network of Chinese Internet Enterprises in Africa, the China-CELAC Internet Development and Cooperation Forum, the China-ASEAN Information Harbor Forum, and WIC-GET — a global Internet talent excellence program, vividly embody the vision of building a community with a shared future in cyberspace. These efforts inject momentum into joint development and help bridge the global digital divide.
As digital transformation accelerates, cyberspace carries humanity’s shared aspiration for a better future. China will, as always, deepen exchanges and practical cooperation with all countries, seize the historical initiative in the development of the information revolution, and work hand in hand with the rest of the world to advance the building of a community with a shared future in cyberspace, so that the Internet can better benefit people across the world.
Foreign
Revealing Earth’s subsurface: China’s technological advancements in oil, gas exploration
By Ding Yiting, People’s Daily
Approximately 70 percent of China’s undiscovered oil and gas resources are located in ultra-deep formations, complex geological structures, and unconventional fields. Locating and accurately mapping these resources presents significant technical challenges.
Recently, People’s Daily visited BGP Inc., a subsidiary of China National Petroleum Corporation (CNPC), to explore how advanced geophysical technology is driving breakthroughs in exploration.
According to Wen Jiamin, chief engineer at BGP Inc.’s geophysical research center, more than 95 percent of the world’s oil and gas reserves have been discovered through seismic exploration, akin to conducting a CT scan of the Earth. Artificial seismic waves are generated to collect raw data, and the resulting data is processed into 3D imagery for geological analysis and identification of potential drilling sites.
As exploration moves deeper underground, conventional seismic techniques face limitations in penetration and signal clarity. To overcome these challenges, BGP Inc. has developed wide-frequency, wide-azimuth, and high-density data acquisition technology and equipment. These innovations function much like advanced photography, capturing clearer, more comprehensive subsurface images through broader frequency ranges, multi-angle coverage, and high-resolution sampling.
This capability requires robust equipment. At BGP Inc.’s simulated acquisition site, 30-ton broadband seismic source vehicles, independently developed by the company, use five-ton vibrators to generate deep-penetrating low-frequency signals. These extend the effective detection depth from around 5,000 meters to over 10,000 meters.
Ma Lei, a senior expert at BGP Inc., highlighted the development of a new data acquisition system capable of recording up to 300,000 channels, up from 10,000, while increasing synchronization accuracy from milliseconds to microseconds.
Once seismic data is collected, it must undergo extensive processing and interpretation. Transforming increasingly massive datasets, often several times larger than before, into clear, actionable geological imagery requires advanced, large-scale seismic processing and interpretation software.
Historically, China relied on imported software for this critical task. In 2003, BGP Inc. Broke new ground by independently developing China’s first large-scale integrated seismic data processing and interpretation software with proprietary intellectual property rights. In 2015, the company introduced an upgraded version, the world’s first five-dimensional data processing and interpretation software, offering significantly enhanced functionality. Today, it stands among the world’s three leading geophysical software systems.
In recent years, BGP Inc.’s research and development team has integrated AI into the software to enhance accuracy and efficiency. One notable advancement is in velocity spectrum picking, a crucial step in data interpretation. Previously requiring up to two months of manual work, the process can now be completed within days or weeks using AI-assisted automation, greatly accelerating turnaround while enhancing data quality, according to Geng Weifeng, head of the company’s AI research unit.
Over the past five years, BGP Inc. has helped confirm domestic reserves of three trillion cubic meters of natural gas zones and 500 million tons of oil. The company has also supported the successful siting and drilling of China’s two ultra-deep scientific exploration wells, each reaching depths of 10,000 meters. Internationally, BGP Inc. has delivered services to over 300 oil companies across more than 80 countries and has ranked first in annual operating revenue within the global geophysical services sector for several consecutive years.
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