China’s development provides opportunities for the world
By Chen Ling
China’s development will provide more
opportunities for the world as the country’s market will only open even wider.
Today, imported cherries are no longer a rarity
for many Chinese people. However, quite a few people do not seem to realize that
the popularity of cherries in China has given birth to business opportunities
to the other side of the Pacific.
At the beginning of this year, eight containers
of fresh cherries from Argentina’s Patagonia arrived at a Chinese port. The
cherries were quickly snapped up during the Spring Festival. The event
indicated that following Chile’s lead, cherries from Argentina are entering the
Chinese market. It is also a vivid reflection of win-win cooperation and mutual
benefit and bore testimony to China’s greater opening up.
Today’s China is not only the “world factory”,
but also the “world market”. Data in 2018 showed that in one hour, China’s import
and export value exceeded $500 million, people’s shopping and dining
consumption reached 4.3 billion yuan, and express companies handled over 6 million
express parcels.
Doug DeVos, co-chairman of the Board of Amway
Corporation, spoke highly of the Chinese market for its large scale and strong
momentum, adding that he was deeply impressed by China’s huge market, as well
as its vitality and potential.
The huge market brings enormous opportunities.
With nearly 1.4 billion people and one of the world’s largest and
fastest-growing middle-income groups, China’s gigantic consumer market
indicates unique potential and presents a reservoir of development opportunities
for the world to explore \.
More importantly, the quality of the Chinese
market has also been improved. In the country, people used to care about what
they could buy, but now they emphasize better products and brands. They prefer diversified,
personalized and quality products to cheaper ones, indicating a rising momentum
for consumption upgrading.
Economic transformation has provided potential
opportunities for more and more multinational companies, who are seeking to
expand their investment in China. For example, Tesla becomes the first wholly
foreign-funded new energy automobile company in the country. Starbucks plans to
add 600 new stores each year in China’s mainland. German chemical giant BASF
pours $10 billion to construct a production base in Zhanjiang, south China’s
Guangdong province.
It is the precious opportunities brought about by China’s
economic transformation and upgrading that attract foreign investment. It’s
fair to say that China’s development is an opportunity for the world, and the
faster China develops, the more opportunities it will create for the world.
In the era of economic globalization, companies
prefer open markets when they make investments. China has always pursued deeper
reform and opening up and improved business environment with strong
determination and steady strides.
The country has approved the foreign investment
law, adopted the pre-establishment national treatment and negative list
management, cut the number of items subject to government approval,
and announced to further lower tariffs and remove various non-tariff barriers.
China’s sincerity makes it a hot place for
investment. Despite cross-border investment declining 19 percent in 2018 globally,
China actually used $138.3 billion in foreign investment, ranking first among
developing countries. More than 60,000 foreign-funded enterprises were
established in China in the same year, an increase of 69.8%.
A more open China with unlimited potential will
surely become a magnet for foreign investors.
The Chinese people see great truth in the
saying that “he who travels alone goes fast, but he who
travels in company goes far.” China is willing to share development
opportunities with other countries.
The Chinese people always keep their promises. All
countries will enjoy friendship featuring win-win cooperation and tangible
benefits from their engagement with China.
As
history has shown and will continue to bear witness to the fact that a more
open China will further integrate itself into the world and deliver greater
progress and prosperity for both China and the world at large.
China’s development provides opportunities for the world
Reviewed by PEOPLES MAIL
on
02:39
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