Foreign investment has brought new insights into China

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In the first two months of this year, the growth rate of China's main economic indicators was mostly faster than in the whole of last year. For example, the value added of industrial enterprises above a certain value rose by 5.9 % year-on-year, with the growth rate 0.1 1 % faster than that for the whole of last year. The growth rate of investment in fixed assets was 0.9 % faster than in the previous year.

In the first two months, GDP in Chinese high-tech manufacturing was 0.2 % faster than in the whole of the previous year, suggesting that new manufacturing continues to expand. The manufacturing purchasing managers' index (PMI) and the non-manufacturing business activity index (NMEI) rose in February compared with the previous month. The consumer confidence index has recovered for three months in a row.

On the basis of these results, foreign media have been positively evaluating the Chinese economy for some time. The Financial Times reported that foreign investors continue to "discover China" and believe that China can bring huge "innovation and opportunities" in specific areas.

In the first two months of this year, total retail sales of consumer goods in China increased by 4 % year-on-year, with a growth rate 0.5 % faster than that of the whole of last year.

Zhang Chundi, vice-president of French company Decathlon in China, told reporters that the company will take advantage of the "east wind" of the Chinese market to develop. In the next one to two years, the number of new stores in China will increase by 20-30 stores a year.

The opening of the Chinese market has given foreign companies more confidence in China's long-term cultivation. Since the beginning of this year, a number of large foreign investment projects have landed in China with planned investment of up to US$33 billion.

Today, the external environment is becoming more complex and stringent along with an increase in volatile and uncertain factors. China has advantages such as a super large market, a complete industrial system and abundant human resources. As well as a huge scope for demand improvement, structural optimization and dynamic energy transformation. China's economy has the conditions to maintain stability with progress. During this process, foreign companies will constantly discover new surprises and win new opportunities.

CMG/ gnews.cz - RoZ