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by Xinhua writer Shi Hao
BEIJING, Aug. 11 (Xinhua) -- China's ongoing economic transition is having, and will continue to have, a positive, rather than negative, spillover effect.
China's GDP growth remained at 6.7 percent in the second quarter, which renewed concerns that the persistent slowdown may reduce business opportunities for foreigners in China and even weigh on the global recovery.
The concerns are understandable. The truth, however, is that inbound investment and import volume continued to expand rapidly and China remains one of the biggest markets for foreign products and services.
With restrictions on foreign investors lifted, China is still an attractive destination for overseas investment. In the first half of the year, 13,402 foreign-funded firms were established in China, up 12.5 percent.
Driven by rapid urbanization, particularly in western regions, China has not lost its appetite for commodities. Imports of iron ore, crude oil, coal and copper rose 9.1 percent, 14.2 percent, 8.2 percent and 22 percent, respectively, in the first six months of the year.
Also, the Chinese people still aspire to improve their quality of life and the government's pursuit of more sustainable growth have both created new business opportunities.
Dissatisfied with what they perceive to be "cheap domestic brands," Chinese tourists spent at least 182 billion U.S. dollars overseas last year on products ranging from rice cookers to smart toilet seats.
Hollywood movies, electronic gadgets, food, clothes and other luxuries are warmly received by Chinese consumers, who more and more willing and financially able to spend on leisure and high-end goods.
China's desire to upgrade its manufacturing sector also means lucrative business opportunities for multinationals. Foreign investment in high-tech services in China from January to June nearly doubled over the previous year.
Foreign giants also made huge profits in cooperation with Chinese firms in new materials, new-energy vehicles, aircraft components, integrated circuits, medical and old-age care and cloud computing.
At the same time, China's export of industrial production capacity and Chinese enterprises' strategies to go global have benefited foreigners.
Chinese enterprises invested 88.9 billion dollars in 155 countries and regions in the first six months of the year, surging 58.7 percent. They created local jobs and helped upgrade industries there.
China contributed more than 25 percent to global growth last year. It continues to be a strong propeller for global recovery. Enditem
Croatian President Kolinda Grabar-Kitarovic (L) meets with Chinese President Xi Jinping's special envoy Meng Jianzhu cheap jordan 6 golden harvest , who is also member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Commission for Political and Legal Affairs of the CPC Central Committee, in Zagreb, Croatia jordan 6 golden harvest shoes , on Sept. 13, 2017. (XinhuaGao Lei)
ZAGREB, Sept. 13 (Xinhua) -- China and Croatia have vowed more cooperation in various fields as Croatian President Kolinda Grabar-Kitarovic and Prime Minister Andrej Plenkovic met with Meng Jianzhu jordan 6 retro golden harvest , Chinese President Xi Jinping's special envoy.
In meeting with Kitarovic on Wednesday, Meng, also member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Commission for Political and Legal Affairs of the CPC Central Committee jordan 6 golden harvest 2017 , spoke highly of the development of bilateral ties which was established 25 years ago.
China, Meng said, attached great importance to the development of relations with Croatia jordan 6 golden harvest for sale , and was willing to maintain exchange of high-level officials, align development initiatives and to have more economic and trade cooperation with Croatia by jointly constructing projects under the Belt and Road Initiative.
Meng said China was also willing to deepen cooperation with Croatia over fighting organized crime and terrorism so as to safeguard development of both countries.
Kitarovic said her country valued the comprehensive cooperative partnership with China, and sought cooperation with China under the "China-CEE 16+1 mechanism" jordan 6 golden harvest pre order , a platform created in April 2012 by China and 16 Central and Eastern European (CEE) countries.
She also hoped that the two sides could cooperate more in areas including politics, economy, culture and unconventional security threats.
On Tuesday jordan 6 wheat golden harvest , Meng met with Prime Minister Plenkovic who pointed out great potential in cooperation in infrastructure construction and trade between Croatia and China.
Plenkovic also expressed satisfaction with an agreement signed earlier in the day on joint Croatian-Chinese police patrols to be introduced during the next tourist season.
Plenkovic said Croatia, as a European Union member and a CEE country, was willing to have more cooperation with China under the Belt and Road Initiative and the "China-CEE 16+1 mechanism".
MOSCOW jordan 6 golden harvest , Sept.13 (Xinhua) -- Over 20,000 people were evacuated from more than 30 shopping centers, railway stations and universities here http://www.jordan6goldenharvest.com/mens-air-jordan-6-golden-harvest-golden-wheat-retail-price.html , following "almost simultaneous" bomb threats delivered by telephone, local media reported.
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China Mens Air Jordan 6 Golden Harvest Golden Wheat Retail Price , Pakistan air forces hold joint training exercises
Pic story: Chinese grape and wine expert
Farmers busy with farm work around Bailu across China
Rural children take free lunch in SW China's Guizhou
" Rescue workers tend to injured people at the Formosa Fun Coast water park after an explosion in New Taipei City on Saturday.--AFP Overturned tables lie on the gr. |
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