On September 26, over 40 executives from multinationals (MNCs), foreign chambers of commerce, and international organizations gathered at the DaoHe Forum in Beijing to share their views on the 11th G20 Leaders Summit held in Hangzhou, China on September 4-5. Participants engaged in constructive discussions about what’s next for China after the Hangzhou Summit, including China’s new role within the global community, the new impact of that community on China, and new positioning to be adopted by MNCs in China.
The highest level, largest and most influential international summit hosted by China to date, the G20 Hangzhou Summit brought China to the center of the global stage, enabling the world’s major players to gain a closer and deeper understanding of China. The G20 Summit provided a historic opportunity for China to play an even more important and leading role in shouldering its responsibility as the world’s second largest economy through contributing its perspectives and solutions on world economic development, international cooperation and global economic governance.
It is critically important for MNCs to keep pace with the times and update their strategies for and within China accordingly. Government affairs professionals at multinationals need to adopt a strategic outlook, help their headquarters better understand China’s evolving landscape and its evolving role on the global stage, and gauge the impact these changes will have on their company’s business over time.
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