'Dual circulation' to boost growth (V)

A1: China is an important growth engine for Mondelēz International. With faster growth than our global average, China is playing an increasingly important role. For example, as of the third quarter of last year, Mondelēz China had achieved growth for 11 consecutive quarters.

A2: Mondelēz has been proactively taking part in China's economic growth and benefited from policy support. This reinforces our confidence in China and encourages us to keep investing in this market. In the dual-circulation economy, Mondelēz will strive to capture the opportunities of digitalization and industry upgrading. We will also collaborate with our partners to unleash the full potential of the domestic market. I believe the further opening-up will create a more efficient, fairer and more transparent business environment. China will be further integrated into the global innovation ecosystem and industry chain. This will enhance the confidence of multinational corporations like Mondelēz to seize the emerging opportunities for long-term investment and growth in China.

A3: During COVID-19, the government firmly supported foreign companies to resume operations and facilitate foreign trade. Because of this, Mondelēz became one of the earliest foreign companies to resume operations. This enabled Mondelēz to seize the opportunities during this difficult time and keep navigating the emerging consumer trends throughout the pandemic to meet the needs of Chinese consumers.

A4: China provides a very good example for the world. In the early stage of the pandemic, our local operations were impacted, but we managed to quickly recover thanks to the efficient control measures and timely supporting policies of the government. So far, Mondelēz China has had zero infections. Our effective control measures and rapid recovery also provided the best practices to Mondelēz worldwide.

A5: In 2020, the Chinese government achieved remarkable accomplishments in poverty alleviation, and decided to implement the rural revitalization strategy nationwide during the 14th Five-Year Plan period. We can see the changing needs of Chinese consumers to high-end, high-quality, personalized and diversified. This will create new growth opportunities and areas for Mondelēz. We are confident in China, and will continue to invest and expand our footprints in China.

A6: We're very much willing to bring Mondelēz's popular products in overseas markets to Chinese consumers, and to promote the product development expertise and innovation obtained in the China market around the world. For foreign companies including Mondelēz, an open trade policy is always welcome. We believe that China's business environment will become more open and more inclusive, and this will provide a bigger space for our operation and growth.

A7: We found both China's 14th Five-Year Plan and 2035 long-term development goals demonstrate that China sets clearer visionary goals for a bright future. It will accelerate the modernization progress and build harmonious and sustainable environment in the people-oriented principle. We are encouraged by highlights such as strengthening intellectual property and rights protection and the increasing importance of sustainability. In Mondelēz, we are driven by our purpose for a bright future where people and the planet can thrive together. We will continue to generate a sustainable impact on our consumers by providing the right snack, for the right moment, made in the right way.