Tesla experience center in Shanghai, China Photo: VCG

US companies from technology giant Amazon and electric carmaker Tesla to water technology firm Xylem are eyeing great opportunities in a wide range of areas such as cloud, new energy and the environment in China, hoping to find more growth drivers in the world's second-largest economy amid global uncertainties.

Some of them are particularly encouraged by the policies highlighted during the ongoing two sessions, vowing to further integrate with China's development plan, increase investment and participate in the long-term development of the country.

As one of the most important annual gatherings on China's political calendar, the two sessions serve as a window for the outside world to observe the country's development and policy priorities.

Amazon fully felt China's unswerving determination to expand opening-up and continuously optimize the business environment in this year's government report, Elaine Chang, corporate vice president and managing director of Amazon Web Services Greater China, told the Global Times.

The government work report submitted to the national legislature for deliberation on March 5 said that China will make greater use of foreign investment. It will see that the negative list for foreign investment is fully observed and ensure national treatment for all foreign-invested enterprises. 

"This undoubtedly injects strong confidence into our future development for Amazon Web Services and other multinational companies that are deeply involved in China. We also hope to have more opportunities to participate in the development of China's digital economy and share China's development opportunities in the future," Chang said.

"We have a long-term commitment to our development in China and are confident in our future prospects. We will continue to work closely with local operating partners to accelerate the implementation and application of the world's leading cloud service products and functions in China," said Chang.

Tesla, an early beneficiary of China's new-energy strategy, said its development in the China market has laid the cornerstone for Tesla's mission to "accelerate the world's transition to sustainable energy."

The new-energy vehicle industry has always been one of the focuses of China's top-level strategy. Under the goals of carbon emissions peaking and carbon neutrality, a number of policies have been introduced one after another, Tao Lin, vice president of Tesla China, told the Global Times. 

Relying on the accumulation of the Chinese automobile industry over decades, the sector continues to develop with high quality, which also provides a natural fertile ground for Tesla's innovative technology implementation and new energy ecosystem construction, Tao said.

Xylem said it will eye opportunities in the Chinese government's active promotion of the development of low-carbon and environmental protection industries, renewable energy, and the coordinated development of green economy and the digital economy. 

"In addition, we see the government will continue to cut taxes and fees, focusing on supporting small and micro-sized businesses, especially manufacturing. By lowering the actual tax burden on manufacturing enterprises, small and micro-sized enterprises in the cooperation ecological chain of foreign enterprises are also expected to benefit, which will be more conducive to the development of foreign enterprises in the Chinese market," Lu Shuping, president of Xylem China and North Asia, told the Global Times.

Despite uncertainties in the global epidemic and economic and trade situation, the long-term positive trend of China's economy has not changed, and China has become the second-largest market for Xylem in the world, Lu said.

Over the next three to five years, the company will further increase its investment and development in the Chinese market, Lu added.