Chen Jining met with Fabrizio Freda, the Global President and CEO of Estee Lauder.

According to Shanghai Release, on February 12, Chen Jining, Secretary of the Shanghai Municipal Committee, met with Fabrizio Freda, Group President and CEO of Estee Lauder, and his party. Chen Jining introduced the relevant situation of Shanghai's economic and social development. He said that Shanghai's urban economy has entered a new stage of over RMB5 trillion. At present, we are implementing the deployment of the Third Plenary Session of the 20th Central Committee to further comprehensively deepen reform and open up to a higher level, and strive to play a leading role and demonstration in promoting China's modernization. We are committed to creating a first-class market-oriented, rule-of-law, and international business environment to help foreign and domestic enterprises achieve better development in Shanghai with the long-term, stable, and predictable development environment. Estee Lauder is a leading enterprise in the global beauty industry. We welcome its grasp of the opportunities of digitalization, intelligence, and greenization, seize the trend of structural adjustment of the consumer market, and place more new products and brand activities in Shanghai, carry out more innovative research and development for the global market, and participate more deeply in the construction of Shanghai's international consumption center.