They have launched a variety of reform and opening-up measures that are flexible and targeted for problems in different fields. Borrowing costs, for instance, are increasingly market-based.
The market-driven approach to economic reform has produced positive results, increasing the confidence of foreign investors in the Chinese economy. Statistics show a total of 60,533 foreign-funded enterprises were set up in China in 2018, up 69.8 percent year on year.
Germany's BMW announced in October that it will pay 3.6 billion euros (4.1 billion U.S. dollars) to raise its stake in BMW Brilliance Automotive, a joint venture with China's Brilliance Auto, from 50 percent to 75 percent.
"China continues (to) open its economy to outsiders," Germany's DW reported. BMW "has become the first to take a majority stake in its joint venture there."
From the world's factory to the world's market, China has become an industrial hub that connects every corner of the globe in the eyes of foreign businesses.
Based on its own national conditions, China's reform and opening up in this new era of growth will create an open market economy based on Chinese characteristics and international comparative advantages.
Despite a complex and challenging external environment, China's economy will continue to maintain its stability and be a pillar of global growth.
【国内英语资讯:Commentary: Chinas economy shows resilience amid global uncertainty】相关文章:
★ 数字时代的零售业
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15