The "2018 China Business Report" by the American Chamber of Commerce in Shanghai also found that 83 percent of respondents in manufacturing sector and 81 percent in retail achieved profit, while 61.6 percent of companies expected to increase their China investment in 2018.
Private sectors in China have entered a new phase of development.
In 2018, a total of 28 Chinese private companies were enlisted in the Fortune 500, compared with a lone company in 2010.
CONNECTING THE WORLD
China's reform has benefited the world. China contributed to global growth by an annual average of 18.4 percent in the past 40 years, second only to the United States, according to the National Bureau of Statistics.
In 2017, China accounted for 27.8 percent of global economic growth, more than that of the United States and Japan combined.
CRRC Corporation Limited (CRRC), the world's leading supplier of rail transit equipment, has improved infrastructure and brought jobs to more than 100 countries and regions since it was founded three years ago.
"President Xi visited our workshop in 2017, asking us to speed up innovation and create a brand for 'made-in-China' products, which has promoted our modern enterprise system reform and CRRC's integration with the global economy," said a CRRC executive.
Facing mounting protectionism and a stagnant world economy, Xi proposed to foster a new type of international relations featuring win-win cooperation and follow the principle of achieving shared growth through discussion and collaboration in engaging in global governance.
【国内英语资讯:Xinhua Headlines: Xi Jinping: The man who leads Chinas reform into a new era】相关文章:
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