( MENAFN - PR Newswire) BEIJING, Dec. 17, 2024 /PRNewswire/ -- The annual Central Economic Work conference (CEWC), held in Beijing last week, crafted specific policies to ensure a steady economic growth in 2025, focusing on high-quality development and fostering new quality productive forces. Multiple foreign enterprises have expressed their confidence in China's economic development prospects next year.
"Based on the CEWC, China's economic work will prioritize scientific research and technological innovation, as well as expanding domestic market demand. The Promotion of big-ticket goods consumption, such as new energy vehicles and electronic products, as well as the replacement of old consumer goods for new ones, was highlighted. This favorable climate presents exciting opportunities for foreign companies like Goodyear," Nathaniel Madarang, President of Goodyear Asia Pacific, a tire maker based in Ohio, US, told the Global Times on Sunday.
As the first foreign tire manufacturer in China since 1994, Goodyear is positioned to back up the development of China's automotive sector, particularly in the Luxury, SUV and electric vehicle segments. "Our focus on innovation and sustainability complements China's ambition to foster new quality productive forces which will generate opportunities for closer collaboration with leading auto manufacturers in China," Madarang said. The important economic meeting said that China should continue to pursue high-standard opening-up and do the cou.
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