He says McKinsey decided to do the report because there was a lack of concrete information about what was becoming a major geopolitical trend.
He said the initiative has helped fuel global economic growth and drove multilateral free trade and investment. "China is more and more globally integrated and is taking a more and more global role in our trade relations. It is in our interest to see China being more economically involved in global development, and more open for import, export and foreign investment. This is the result of the BRI."
He underscored the importance of ensuring the supply of drugs that are commonly used or for emergency rescue purposes, saying that shortages of supply or random price hikes for drugs must not be allowed.
He said while companies in Hong Kong have to declare tax once a year, it's once monthly or a season on the mainland, and the tax categories are vastly disparate. Moreover, they cannot register a company in industries that are on the "negative list," such as education, finance and film production.
He warned that the local economy could deteriorate if the violence continues, and urged protesters to help restore calm for the benefit of the community.
He said that there have been no terrorist attacks in Xinjiang since the centers were established in 2017, and people now live peaceful lives.
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He spoke on a panel convened by the Assembly Committee on Jobs, Economic Development and the Economy, and the Assembly Select Committee on Asia/California Trade and Investment Promotion.
He urged relevant departments to adopt measures to ensure businesses, either big or small, resume work in a coordinated manner as well as bring about the unimpeded flow of market elements across regions and sectors.
He said the company is sticking to the 2020 plan it announced last year to invest more than 4 billion euros (.4 billion) in China with its partners. Around 40 percent of the investment will go into electric vehicles.
He said there were a number of factors favoring a new capital, with Borneo being an ideal location. "It is strategically located in the middle of Indonesia, and a great deal of the land is already owned by the government or state-owned companies. This would reduce investment costs for infrastructure and relocation."