China has been signaling its commitment to fostering a robust investment climate and high-quality development. As the 20th Communist Party of China Central Committee is set to meet at its third plenary session in July, known as the Third Plenum, foreign businesses in China are keenly awaiting developments to see how this will further reshape the Chinese economy. Benedikt Sobotka, CEO of Eurasian Resources Group and co-chair of the Global Battery Alliance (GBA), emphasized the need for quality and sustainable growth driven by innovation and new technologies. He said he believes the next wave of highly innovative industries will emerge from China.