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Global Times: Why does China still need foreign investment?

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BEIJING, May 22, 2025 /PRNewswire/ — “I’ve noticed that a new action plan to stabilize foreign investment has been introduced this year. After more than 40 years of reform and opening-up, China’s domestic market entities have grown strong. Why do we still need foreign investment?” This is a question that a reader of people.cn posted.

This reader’s question is representative. The answer can be found in three sets of data.

First, as of now, foreign investors have established a cumulative total of 1.24 million enterprises in China, with investments nearing $3 trillion. Foreign-funded enterprises have long been an integral part of China’s high-quality development, contributing one-quarter of industrial added value, one-seventh of tax revenue, and creating over 30 million jobs, making significant contributions to China’s economic growth.

Second, foreign investment in China spans 20 industry categories and 115 major industry sectors. In the manufacturing sector, all 31 major categories and 548 subcategories have attracted foreign investment.

China is the only country with all industrial categories listed by the United Nations, and foreign investment has played a pivotal role. Over the past decade, investment in research and development by foreign-funded industrial enterprises above a designated scale in China has grown by 86.4 percent, and the number of effective invention patents has surged by 336 percent. The advanced technologies and management expertise brought by foreign enterprises have positively influenced the development of Chinese companies and talent cultivation, providing substantial support for building a modern industrial system.

Third, foreign-funded enterprises contribute to one-third of China’s imports and exports. The negative list for foreign investment access has been reduced from an initial 190 items to the current national version of 29 items and the free trade zone version of 27 items, with the manufacturing sector achieving a “zero” negative list.

In accelerating the construction of a new development pattern, foreign investment serves as a bridge connecting domestic and international dual circulation. On one hand, it promotes factor-flow-based openness, driving the cross-border flow of technology, products, and services through supply chains, enabling China to deeply engage in global industrial division and cooperation. On the other hand, it supports institutional openness, advancing institutional reforms in economic, technological, ecological, and other areas.

“All of this shows that foreign businesses are important participants in the Chinese modernization drive, in the country’s reform and opening up and innovation, and in its interconnectivity with the world and integration into economic globalization.”

In fact, the question “Why does China still need foreign investment?” is not new.

In 1979, China enacted a law on Chinese-foreign equity joint ventures, opening the door to foreign investment. At that time, some argued that introducing foreign capital would hinder the development of domestic industries.

Over the past 40 years, a consensus has emerged: Reform and opening-up have enabled China to rapidly integrate into the global market and keep pace with the times, with the active utilization of foreign investment being a key factor.

Opening door wider 

In recent years, global unilateralism and protectionism have intensified, with foreign investment in China increasingly disrupted by geopolitical factors. Some have claimed that “China does not welcome foreign investment.”

“Humankind is a community with a shared future.” “Openness brings progress while closing the door can only leave one behind.” China’s commitment to reform and opening-up remains unwavering, its doors of openness will only widen, and its policy of welcoming foreign investment has not changed and will not change.

China’s pace of opening up to the world has never slowed.

The action plan to stabilize foreign investment in 2025 further proposes 20 policy initiatives building upon the existing 24 measures for attracting foreign capital. 

Since the beginning of this year, the Ministry of Commerce has held an “Invest in China” policy briefing in Japan and organized related events in Sweden and the UK, significantly boosting the willingness of relevant countries to invest and cooperate with China.

In early 2025, the China Council for the Promotion of International Trade dispatched 107 delegations to visit 33 countries and regions, visiting corporate headquarters such as Mercedes-Benz, BMW, and Bosch.

How sincere is China’s commitment to opening-up? Foreign enterprises have the most say—At the China Development Forum 2025, 86 official representatives from multinational corporations from 21 countries and regions participated. According to the 2025 China Business Climate Survey Report released by the American Chamber of Commerce in China, nearly 70 percent of surveyed US consumer firms plan to increase their investments in China this year.

From January to March 2025, China established 12,603 new foreign-invested enterprises, a year-on-year increase of 4.3 percent, according to the Ministry of Commerce. Actual foreign investment in e-commerce services, biopharmaceutical manufacturing, aerospace and equipment manufacturing, and medical equipment and instrument manufacturing grew by 100.5 percent, 63.8 percent, 42.5 percent, and 12.4 percent, respectively. By region, actual investment from ASEAN rose by 56.2 percent, and from the EU increased by 11.7 percent.

Wang Peng, associate research fellow at the Beijing Academy of Social Sciences, told the Global Times that the data reflected the firm confidence and sustained commitment of foreign companies to the Chinese market.

China’s economy is on a sustained upward trajectory, with a vast and expanding market, providing foreign investors with broad market opportunities and reliable returns. Moreover, the Chinese government has implemented a series of proactive measures to attract foreign capital, continuously optimizing the business environment and providing policy support, offering robust guarantees for foreign investors, Wang said.

“Partnering with China will bring more opportunities. No matter how the external environment may evolve, China remains firmly committed to high-standard opening up and always welcomes companies from all countries to keep investing in China and explore the Chinese market to enjoy benefits and development together,” Mao Ning, spokesperson from China’s Foreign Ministry, told a press conference on March 13, 2025.

https://www.globaltimes.cn/page/202505/1334660.shtml

 

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Allucent Appoints Chief Medical Officer and Infectious Disease Therapeutic Strategy Head

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Hubert Bland and Norman Waters strengthen Allucent’s specialized expertise and integrated support for life cycle drug development

CARY, N.C., Nov. 10, 2026 /PRNewswire/ — Allucent, a global specialty CRO purpose-built for small and mid-sized biopharma companies, today announced the appointments of Hubert Bland, MBChB, FFPM, as chief medical officer (CMO) and Norman Waters, PhD, FASTMH, as therapeutic strategy head for Allucent’s Center of Expertise (ACE) in infectious disease.

As CMO, Hubert will guide medical and safety strategy in partnership with sponsors, working across Allucent’s clinical, regulatory, and therapeutic teams to inform clinical planning and medical decision-making. Norman will lead Allucent’s Infectious Disease ACE, supporting both commercial and government-funded programs. The ACE integrates scientific, regulatory, and operational expertise to address the unique challenges of infectious disease drug development. Allucent’s ACE model also includes Oncology & Hematology, Neuroscience, and Immunology & Inflammation, each with dedicated therapeutic leadership supported by integrated expertise.

“Hubert and Norman each bring distinct expertise and insights to help small and mid-sized biopharma companies navigate drug development,” said Patrick Phillips, COO of Allucent. “Hubert has extensive experience leading medical affairs, pharmacovigilance, and patient safety across global pharmaceutical companies and CROs. His perspective from both sides of drug development will be particularly valuable in helping clients navigate the medical, safety, and regulatory demands of advancing new therapies.”

Phillips continued, “Norman’s experience leading infectious disease product development across a range of indications and modalities, including during his 31-year U.S. Army career, positions him to guide both commercial sponsors and government partners through the scientific and development challenges of advancing vaccines and therapeutics for infectious diseases. More broadly, his appointment underscores our continued focus on delivering the specialized therapeutic expertise our clients need from their CRO partner.”

Hubert Bland, Chief Medical Officer

Hubert brings more than 30 years of experience in medical affairs, pharmacovigilance, patient safety and drug development across CROs, global pharmaceutical companies and academic organizations. Most recently, he served as vice president and UK country medical director at GSK, leading the UK medical affairs organization and overseeing safety governance, regulatory compliance, and operational performance. Previously, as vice president of medical services at a CRO, he directed global medical programs for more than 50 pharmaceutical and biotechnology clients annually, providing medical and safety oversight across clinical development and post-marketing. His experience in both sponsor and CRO settings provides perspective on the challenges of advancing new therapies.

Norman Waters, Therapeutic Strategy Head, Infectious Disease

Norman brings more than 25 years of experience in infectious disease research and product development, including extensive work during his 31-year U.S. Army career. His expertise spans vaccines, therapeutics and emerging infectious disease threats. At Allucent, he is responsible for shaping the Infectious Disease Center of Expertise strategy and developing clinical development and operational approaches across indications, modalities and geographies. Previously, he held senior leadership roles at the Sabin Vaccine Institute, the U.S. Army Medical Materiel Development Activity (USAMMDA), the Armed Forces Research Institute of Medical Sciences (AFRIMS) and the Walter Reed Army Institute of Research. At Sabin, he led clinical development and operations for Marburg and Sudan virus vaccine programs, including Phase II trials across U.S. and African sites. A retired U.S. Army colonel, Norman has a proven track record of advancing infectious disease products through complex clinical development and coordinating cross-functional teams.

About Allucent

Allucent is a global, tech-enabled, specialty CRO built for small and mid-sized biopharma companies tackling complex science. Allucent’s integrated approach spanning clinical pharmacology, regulatory strategy, quantitative sciences, and global trial operations is delivered by an A-team of former regulators, leading scientists, and senior clinical experts. With 1,100+ studies conducted across 75+ countries and more than 155,000 patients, Allucent’s combination of global reach plus deep expertise across core therapeutic areas and rare indications enables partners to move faster, reduce risk, and reach critical milestones with confidence. Visit Allucent.com for more information.

MEDIA CONTACT:
Heather Shea heather.shea@catalyticagency.com

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Nearwater Capital Appoints Amar Kuchinad as President

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Former SEC advisor and Goldman Sachs Managing Director joins Nearwater, bringing 30 years of markets, regulatory and operating leadership as the firm enters its next phase of growth

NEW YORK, Nov. 10, 2026 /PRNewswire/ — Nearwater today announced the appointment of Amar Kuchinad as President. Kuchinad will report to James Peterson, Managing Partner and founder of Nearwater, and will serve as a member of the firm’s senior leadership team. The appointment reflects Nearwater’s continued investment in senior talent as it broadens its platform and deepens its client relationships.

As President, Kuchinad will lead all of Nearwater’s operating and corporate functions, enabling the firm’s business heads to stay focused on clients and on growing the franchise. Working alongside them, he will focus on strengthening the infrastructure, controls and organizational capabilities that support Nearwater’s Risk Retention, Liquid Markets and Capital Markets businesses across the United States, Europe and Canada.

“Amar brings a rare combination of market, regulatory and operating experience,” said James Peterson, Managing Partner of Nearwater. “He has built and led a regulated trading platform, overseen technology, data and risk at a global asset manager, and served as a policy advisor at the SEC. As we expand our business and the breadth of what we deliver for clients, Amar’s leadership will ensure that our platform, infrastructure and controls framework keep pace with our ambitions. Adding a leader of his caliber strengthens our senior team for the growth ahead. We are delighted to welcome him to the firm in this role.”

“Nearwater has built a differentiated franchise to address a complex and highly regulated need in capital markets, and I am incredibly excited to join the team in this capacity,” said Kuchinad. “I look forward to working with James and the entire leadership team to expand the platform and capabilities that will support the firm’s next chapter of growth and allow it to serve clients at even greater scale.”

Kuchinad joins Nearwater from Copper, the digital asset infrastructure and custody firm, where he most recently served as CEO. Previously, he was a Senior Managing Director at Pretium Partners, where he oversaw technology, data, analytics and risk across the firm and its operating subsidiaries.

Earlier in his career, Kuchinad co-founded and served as CEO of Electronifie, an SEC-registered electronic corporate bond trading platform that was later acquired by Trumid. He also served as a Senior Policy Advisor at the U.S. Securities and Exchange Commission, and was a Managing Director at Goldman Sachs, where he headed U.S. Portfolio Credit Trading. Kuchinad holds an AB in Applied Mathematics from Harvard University.

About Nearwater

Nearwater is the established leader in developing and delivering innovative, client-driven capital and asset-based financing solutions to the world’s leading banks, asset managers, sponsors and originators. Through its integrated Risk Retention Solutions, Liquid Markets and Capital Markets businesses, Nearwater combines flexible capital, market expertise, structuring capabilities and regulated infrastructure to help clients address funding, liquidity, balance-sheet, and regulatory-capital objectives. Nearwater Capital Markets, Limited is registered with the U.S. Securities and Exchange Commission as a security-based swap dealer, and Nearwater Capital Markets Europe, Limited is a MiFID investment firm regulated by the Central Bank of Ireland.

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Thesis Elements Expands Support for Student Course Scheduling and Enrollment Analytics

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Mappify, a course scheduling and enrollment analytics platform, will help colleges and universities improve the student registration experience and make more informed scheduling decisions.

CHESTERFIELD, Mo., Nov. 10, 2026 /PRNewswire/ — Thesis America, provider of the Elements student information system (SIS), has acquired Mappify, a platform that helps colleges and universities improve course scheduling for students and gain better insight into enrollment trends.

Mappify gives institutions a public-facing course scheduling tool for students, along with enrollment analytics for registrars, academic leaders, and other higher education decision makers. The platform uses data institutions already maintain in their SIS, making it easier to improve the registration experience and make informed decisions about course offerings.

“Institutions are working hard to give students the courses they need while managing enrollment, faculty, and classroom resources,” said Jason Duggan, CEO of Thesis Elements. “Mappify gives higher ed a practical way to see what’s happening during registration and respond when it matters. It’s a great addition to what we offer, and we’re excited to make it available to more colleges and universities.”

Helping students and institutions make better use of registration data

For students, Mappify makes it easier to find courses and build a schedule that works. Students can check course availability, avoid scheduling conflicts, account for work and other commitments, and explore alternatives when a section fills. Advisors can share recommended schedules directly with students, giving them a useful starting point for conversations about course selection and academic progress.

For institutional leaders, Mappify provides a timelier view of registration. Teams can see which sections are filling, where enrollment is lagging, and which courses may be making it harder for students to get the schedules they need. Enrollment heatmaps, section consolidation tools, and reporting features help institutions evaluate demand and make better-informed decisions about course offerings and resource allocation.

Too often, those issues become clear only after registration has progressed or the term has begun. Mappify helps institutions identify potential problems earlier, when there may still be time to respond.

“A student picking classes is solving a puzzle: work shifts, a commute, a lab that has to line up with a lecture. Most schedule pages leave them to solve it alone. Mappify lets them see what’s open, what conflicts, and what their backup is when a section fills, before registration day and not in the middle of it,” said Travis Cattron, creator of Mappify. “There’s a lot of useful information in an institution’s SIS, but getting that information into a form people can use isn’t always easy. Joining Thesis is an opportunity to bring Mappify to more institutions and keep building on what we’ve started.”

Designed to fit existing systems

Mappify works with data institutions already maintain by using a lightweight export script and API endpoints, eliminating the need for new servers or complex middleware. Institutions can brand the public-facing schedule to match their identity and configure data refreshes to meet their needs, with updates available as often as every minute during peak registration periods.

Most institutions can go live in less than three weeks, according to Mappify, giving colleges a way to introduce new scheduling and analytics capabilities without a lengthy implementation project.

Mappify will be available to Thesis Elements clients as well as a standalone solution for higher education institutions using other student information systems.

About Thesis Elements

Thesis Elements is a cloud-based Student Information System purpose-built for small to midsize institutions. Elements drives operational efficiency with an affordable, user-friendly system that provides critical operations and administration functions to improve student success, enable faster financial aid decisions and easier federal and state reporting, and integrate with an institution’s campus technology ecosystem, including LMS, CRM and ERP systems. Built directly into Elements is Aristotle, an agentic AI layer that lets staff simply ask for what they need — querying, planning, and acting on their own data through natural conversation or automated workflows — turning what used to be long, manual processes into a quick prompt and freeing teams to focus on students, not busywork. With an average implementation time of under 12 months, Elements uses modern technology designed to help future-proof the institution to streamline operations, improve access to essential student data and increase self-service tools for students. Backed by a dedicated user community, Elements evolves based on real-world feedback to better serve the needs of smaller institutions. Founded in 2020, Thesis Elements is a business unit of Thesis America. For more information, visit www.siselements.com.

About Mappify

Mappify helps colleges and universities improve course scheduling and understand enrollment trends. Its platform combines a public course schedule and tools with enrollment analytics that help institutions team evaluate course demand and make informed scheduling decisions. Learn more at www.getmappify.com.

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