Corning CEO Meets China Minister, Pledges Continued Investment

On March 25, Wang Wentao, the Minister of Commerce, held a meeting with Wei Wendell, the Chairman and CEO of Corning Inc. The discussion focused on Corning's cooperation with China and the broader Sino-U.S. economic and trade relations. Wang Wentao emphasized that despite the increasing uncertainties in the external environment, China's economic recovery remains robust and is expected to continue. He highlighted that various policy measures are in place to support economic growth, creating favorable conditions for foreign enterprises, including Corning, to increase their investments in China.

Wang Wentao underscored China's strong commitment to intellectual property protection, noting that this has been instrumental in driving high-quality development and transforming "Made in China" into "Created in China." He encouraged Corning to further enhance its innovation investments in China, assuring that the country provides a conducive legal environment and incentives for innovation. Wei Wendell, in response, expressed Corning's long-standing commitment to the Chinese market, having been present for 45 years. He highlighted the company's deep involvement in China's display industry and its effective local supply chain network. Wei Wendell reiterated Corning's confidence in the Chinese market and its intention to continue seeking new investment opportunities, expanding its investment scale, and fulfilling its commitment to investing in China.

This meeting between Wang Wentao and Wei Wendell signifies the importance of Sino-U.S. economic and trade relations. It also underscores China's dedication to opening up and deepening cooperation with the international community. The dialogue is expected to further solidify the partnership between China and Corning, serving as a positive indicator for the future of Sino-U.S. economic and trade relations. The meeting highlights the mutual benefits of continued investment and cooperation, fostering a stable and innovative business environment for both parties.