What they say

China Daily | Updated: 2016-05-28 07:55

Editor's note: The Beijing municipal government held the 12th International Business Leaders Advisory Council for the mayor of Beijing just one day ahead of the opening of the Beijing Fair. Participants shared their insights on the city's service industry and economic growth, Zhong Nan and Wang Sujuan report.

Urbanization urges cities to transform and upgrade their service functions. It is important for Beijing to establish smaller community service centers to alleviate the intense pressure on transportation and environment due to its population movement.

Georges Plassat, chairman and CEO, Carrefour Group

The Hong Kong Trade Development Council will strengthen its partnership with the Beijing municipal government to organize a joint investment mission to identify industries and explore opportunities for investments, mergers and acquisitions in both domestic and overseas markets.

Vincent HS Lo, chairman, Hong Kong Trade Development Council

Beijing should use its 2015-2018 Pilot Program for easing controls on market access in the financial service industry to expand sales of critical illness insurance products through digital channels to highlight the opportunity for insurance to promote innovation and financial reform, and bring enhanced financial security to more Chinese citizens.

Steven A Kandarian, president and CEO, MetLife Inc

Beijing has decided to give priority to the development of top-notch industries with a view to fill the gap in the Chinese economy and promote industrial upgrading. This is the direction of Beijing's industrial remodeling and will guide the drive of the campaign nationwide.

Jean-Pascal Tricoire, chairman and CEO, Schneider Electric

Beijing already has a broad service sector, but its economy still has great potential for improvement in terms of high-quality standards and progressive thinking. To ensure a smooth path towards growth, a comprehensive policy approach, including measures in multiple policy areas, is needed.