Echoing his words, Carol Liao, greater China president at Boston Consulting Group (BCG), believes the China is providing global companies with rare opportunities. "It has the world's largest consumer market only after the United States and tops the globe in many subdivided markets, including smart phones, bike-sharing and automobiles."
"China is now the single largest contributor to our growth," said Shane Tedjarati, president of high-growth regions business of Honeywell.
Investment data also proved China's attractiveness to foreign firms. Foreign direct investment on the Chinese mainland maintained steady increase of 4.1 percent year on year in 2016 with strong investment in the service sector.
Multinationals seemed unbothered by China's ongoing slowdown.
Liao stressed her bullish stance, saying the consumer market will stand out even if the wider economy continues to decelerate.
The economy is expected to have a 6.1 trillion U.S.dollar consumer market by 2021, up from 4.3 trillion dollars in 2016, according to a report released Wednesday by BCG and AliResearch.
"We are committed to long-term growth in China and have invested more than 1 billion U.S. dollars here," Tedjarati said.
"The market will remain a source of prosperity and growth," Tedjarati added.
China has maintained steady opening up.
The National Development and Reform Commission announced on Wednesday that a negative list for foreign investment will be used nationwide from next month.
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