U.S. business executives: An open China shares opportunities and develops with the world

People's Daily Online, Shanghai, November 6 (Reporters Zhang Rong and Zhang Wenjie) China continues to expand its opening up to the outside world, creating a broader space for multinational companies to deeply explore the Chinese market and share development opportunities. Recently, Hu Kaicheng, vice president of the U.S. energy company ConocoPhillips and president of ConocoPhillips China, said in an interview with People's Daily Online during the 9th China International Import Expo that he was confident in the development prospects of the Chinese market and spoke highly of the results of cooperation with Chinese partners over the past decades.

"ConocoPhillips has been in China for 45 years." Hu Kaicheng said that ConocoPhillips entered the Chinese market in 1981, participated in the development of China's energy industry, integrated into China's reform and opening up process, and became a witness and participant in the deepening of U.S.-China economic and trade cooperation.

ConocoPhillips is one of the world's largest independent oil and gas exploration and production companies. In 1999, ConocoPhillips China and CNOOC jointly discovered the Penglai Oilfield. Since it was put into operation in 2002, the oil field has built 19 offshore platforms and a 300,000-ton floating production and storage tanker, and its cumulative oil production has exceeded 85 million tons. It is one of the important positions for stabilizing and increasing the production of Bohai crude oil, and is also the largest offshore integrated oil field in China. The results of this cooperation are not only a vivid reflection of the complementary advantages and mutual benefit of Chinese and American enterprises, but also accumulated useful experience for long-term cooperation in the energy field between the two countries.

Hu Kaicheng believes that ConocoPhillips' development history in China fully reflects the mutual benefits and win-win results brought about by long-term cooperation. Over the past 40 years, U.S.-China relations have played an important role in the development of the two countries, and ConocoPhillips has also benefited from long-term cooperative relationships with Chinese partners. From the perspective of getting along between countries, pragmatic cooperation between enterprises is not only an important part of economic and trade exchanges, but also an important link to enhance mutual trust and stabilize expectations.

In the face of current geopolitical tensions and uncertainty in international trade, Hu Kaicheng emphasized that energy security is an important cornerstone of the development of all countries. "No country can solve this problem alone." Hu Kaicheng said. "We need more cooperation and partnership to ensure the energy security of our respective countries and regions and to ensure that energy supplies can meet demand."

Hu Kaicheng believes that as the world's two largest economies, strengthening communication and coordination in energy and other fields between the United States and China will not only benefit the two countries' own development, but also help inject more stability into global energy security.

Hu Kaicheng was deeply impressed by the positive signals released at the opening ceremony of this CIIE. "Continued expansion of opening up means that companies will have more and more opportunities, not only to participate in the development of the Chinese market, but also to help Chinese companies go global." Hu Kaicheng said that the continued opening of the Chinese market provides important opportunities for international companies to deepen cooperation and achieve common development.

Looking to the future, Hu Kaicheng is optimistic about the development prospects of China's energy industry. "I believe that our energy industry has very bright development prospects in China, and the development direction of our industry is highly consistent with the focus of the 15th Five-Year Plan," he said.

"I believe that more opportunities will emerge in the Chinese market in the future." Hu Kaicheng said, looking forward to continuing to explore new development opportunities on the basis of long-term cooperation and contributing to deepening international energy cooperation.