Major foreign corporations on China’s business environment

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China is home to nearly 1 million foreign-invested companies. A lot of foreign brands still aim to venture into the Chinese market. At the same time, the country is making a new law for foreign investors. It is expected to replace the three existing laws in this category. So what do major foreign corporations here think of the new law and the current business environment?

The new law is attracting quite a bit of attention since China's treatment of foreign companies has been a point of focus in the China-U.S. trade tension. CGTN talked with the executives from three international companies with businesses in China who expressed their expectations on how the country's business environment can become better.

Apart from that they also shared with CGTN their candid viewpoints on some of the touchiest topics such as market access and forced technology transfer.

From left to right: China CEO of French banking group BNP Paribas CG Lai; president of Asia, Middle East and Africa of ABB Gu Chunyuan, and William Yu, China president of U.S. manufacturing solutions provider Honeywell. /CGTN Photo