Zheng Dazhi, president of Bosch Thermotechnology Asia Pacific

This year marks the 20th anniversary of China's accession to the WTO. Through President Xi’s keynote speech, Bosch Thermotechnology fully understands and greatly appreciates China's efforts and achievements in economic globalization in the past two decades.

To tackle the pandemic, China has insisted on further cooperation and openness, and accelerated fostering a development pattern where domestic and foreign markets can boost each other, with the domestic market as the mainstay and share market opportunities with the world, reflecting China's determination to adhere to globalization and embrace greater openness, as well as demonstrating a strong sense of responsibility as a major country.

The CIIE has turned the Chinese market into the world's market, providing powerful impetus for the world economic recovery. As far as Bosch Thermotechnology is concerned, our factories in China not only supply the domestic market and develop innovative technologies in China, but also export these local technologies overseas so that the world can share our advanced achievements, which also reflects Bosch Thermotechnology's support and promotion of an open and inclusive economic globalization.

Bosch Thermotechnology is encouraged by the further opening and cooperation of the Chinese market. China's insistence on cooperation and openness has created a better business environment for foreign investors and brought us more opportunities. In May 2021, Bosch Thermotechnology established its new headquarters in Shanghai, bringing us to a new stage of development in China and the whole Asia-Pacific region, and we set up a China Technical Center in Wuhan, Hubei province, in October.