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'Dual circulation' to boost growth (V)

By Jiang Xueqing, Fan Feifei, Zhou Lanxu and He Wei | chinadaily.com.cn | Updated: 2021-01-21 06:40
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Justin Sargent, president of Nielsen China and Retail Intelligence Asia. [Photo provided to chinadaily.com.cn]

A1: Nielsen's business operations in China have already returned to normal, and we are working closely with our clients to help them win in the volatile market by providing insightful data and analysis. To grow business in China is an important part of Nielsen's global strategy, and our China operations are of great importance to Nielsen's overall performance.

A2: We understand the essence of dual-circulation is not "closing the door" but further "opening up". Through unlocking domestic consumption potential, protection of intellectual property rights, improvement of the business environment and reduction of foreign investment access restrictions, China intends to attract multinational companies to keep and expand their business in China and share in China's consumption market.

We are looking forward to helping more clients drive innovation with a deep understanding of the crowded and highly competitive Chinese market.

A3: The Chinese government's efforts to ensure six priorities and stability in six areas have played a positive role in promoting China's economic and market recovery after the outbreak. Among these policies, we think "stabilizing foreign investment" and "safeguarding market entities" are most conducive to our development in China amid the global economic uncertainties.

A4: Since the outbreak of the virus, China's experience in fighting against the disease has been a barometer for the world. China also leads the world in the pace of economic and consumption recovery. All of these prove the advantages of China's economic development model.

With the government's great support, Nielsen combated COVID-19 with resilience. During the outbreak, Nielsen received support from the government, including material supply and financial support. Shanghai's Changning District Bureau of Commerce donated 1,200 masks to Nielsen China during the COVID-19 peak, and Shanghai Changning Investment Service Center processed a special fund of 6.9 million yuan to Nielsen China to help us overcome difficulties.

A5: We believe as China enters a "new development stage", it will bring more "China opportunities" to the whole world.

We also believe China will create a more fair, transparent and predictable business environment in the future, and with the further development of China's economy and consumption market, there will be huge opportunities waiting for us.

A6: I believe China will make healthy and sustainable economic development in the coming years and inject new vitality into the world economy.

China is and will always be an important and essential part of Nielsen's overall business strategy. Our determination to grow business in China will not change, and we are confident we will do better with the support of policies, the efforts of all staff and the trust of our clients.

A7: China's 14th Five-Year Plan and the country's 2035 long-term development goal depicts a grand blueprint for China's economic and social development in the future. It covers many aspects, and we are most looking forward to innovation, domestic market and opening up. Nielsen will accelerate the pace of innovation, adjust our strategy to adapt to the dynamic market and emerging client needs.

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