OnMay 18, Chinese National Development and Reform Commission (NDRC) joined withWorld Economic Forum (WEF) to organize a policy dialogue on the theme Improvingthe Eco-System for Transnational Business Operation. Ning Jizhe, Vice Chairmanof NDRC and David Aikman, Chief Representative Officer in China for the WEFattended the meeting and gave a speech. Also present in the meeting were headsof General Office, Department of Foreign Capital and Overseas Investment andDepartment of Laws and Regulations of NDRC. About 60 multinational corporationas WEF members joined the dialogue online and offline.
“Wewill develop full understanding of the new development stage and apply the newdevelopment philosophy. We will foster a new development paradigm with domesticcirculation as the mainstay and domestic and internal circulations reinforcingeach other. Doing so will improve the quality of development.” said Ning Jizhe.
ShenJunhua, Executive Vice President of Stemcor joined the dialogue. According toShen, Stemcor trade raw materials and semi-finished steel and provide supplychain service related to steel industrial chain across 70 or so countries andregions. Ever since 2020 when it was acquired by Cedar Holding and thusexpanded its global network, Stemcor has rapidly improved its worldwide supplychain service system, which is in a better position to facilitate and safeguarddual circulation paradigm. With solid support from Cedar Holdings, Stemcor willleverage the synergies of every part of its global network, contributing tobetter performance of Chinese economy.
