Peoples Daily Overseas Edition: Why is the Chinese market so attractive?

category:Finance
 Peoples Daily Overseas Edition: Why is the Chinese market so attractive?


Incomparable consumer market

Recently, the State Council issued Opinions on Speeding up the Development of Circulation and Promoting Commercial Consumption (hereinafter referred to as Opinions), which put forward 20 policies and measures to stabilize consumption expectations and boost consumer confidence. Chinas huge consumer market has once again come under the spotlight of international public opinion, arousing the attention of foreign media.

China has introduced a series of new policies to encourage consumption. Bloombergs report focused on the impact of a series of policies on the international automotive industry. Exploring measures to gradually relax or eliminate restrictions on car purchases and support the sale of new energy vehicles in some regions will free the automotive industry from the recession that has lasted for more than a year. More broadly, China is strengthening targeted stimulus measures to support the economy. Investors believe these new measures will help boost China, the worlds largest car market. In optimism, European auto stocks rose.

The Spanish newspaper Le Monde pointed out that the Chinese government has been committed to promoting the transformation from an export-oriented economic model to an economic model supported by domestic demand. China hopes to promote innovative development of circulation, optimize consumption environment, promote commercial prosperity, stimulate domestic consumption potential and better meet peoples consumption needs through the implementation of the Opinions.

Capitals keen sense of smell has always followed the markets vote with your feet. Nikkei News said it was testing Chinas retail appetite with new methods in response to the opening of the first mainland Chinese store of the US retail giant Opener. The report also points out that, according to market analysts, consumption has been playing a role of fixing the needle in Chinas economic growth in recent years.

According to Bloomberg and Nikkei News, Chinas fierce retail competition has failed to stop newcomers from integrating. China, with its economic transformation and upgrading, has an unparalleled large consumer market and consumer groups, which are particularly valued by international capital.

The most efficient place to produce goods

The most important question is whether it is feasible to cut off the relationship between American companies and China? The New York Times website questioned US President Trumps remark that American companies were ordered to leave China. The answer is obvious.

According to the New York Times, at present, American enterprises are closely intertwined with China. Cutting off such links will bring chaos and even damage to the global economy. China is already a producer of 1/4 of the worlds manufactured goods. This situation cannot be replaced. China is the most efficient place to produce all kinds of goods. It establishes a huge network of small factories to provide necessary parts for large factories. It has hundreds of millions of workers who know how to work on assembly lines, fast trains, smooth roads and efficient ports, and can properly transport goods from factories to all parts of the world.

Except for China, there is no place in the world with such infrastructure that can produce 600,000 mobile phones a day. Reuters quoted Dave Evans, CEO of Apples San Francisco Supply Chain Company, as saying.

Despite all the comments made by the U.S. government, U.S. companies are still investing in China. They not only set up factories in China and re-export their products to the United States, but also participate deeply in the domestic market of China. According to Eurasian Review Network, the slogan Let America be Great Again is to recapture traditional manufacturing jobs. However, American companies, attracted by lower costs, higher profits and the Chinese market, abandoned American production and American workers and were reluctant to move manufacturing back to the United States.

When China integrates into the global economy with greater breadth and depth, its competitive advantage in the global supply chain is obvious to all. According to an article on the website of Forbes magazine on September 3, China ranks first in terms of manufacturing technology, reliability, currency stability, security and domestic market growth in emerging markets. China stands out because of its abundant labor force, stable currency and political situation, world-class logistics and a safer business environment.

On September 2, the first batch of Italian exhibits participating in the Second China International Import Expo were shipped at Genoa Container Terminal and officially set sail for Shanghai. Sixty days before the countdown to the Second Expo, the first exhibits, with the investment sincerity of global enterprises, are heading for China from all over the world. This is a vivid footnote of Chinas attraction.

For foreign businessmen, an open China is itself the greatest attraction. The Wall Street Journal of the United States once said that the Chinese governments determination to attract overseas capital by gradually opening up the domestic market shows that foreign investors are optimistic about the Chinese market. As China continues to promote a higher level of openness to the outside world, the world has more confidence in Chinas economic development.

Singapores Lianhe Zaobao website reported that Beijing recently issued a three-year plan of action for opening up and Reform in key areas of pilot opening up of service industry. Internet information, finance, science and technology, education and other eight key areas of pilot opening up have been added to the path of industrial opening. According to the plan of action, Beijing will promote access conditions for foreign capital in the application store business of open information service, with a pilot opening of foreign capital stock ratio of 100%. Latin American News Agency is concerned that Shanghai, a coastal city in eastern China, is seeking to consolidate its position as an international business center. The local government has recently launched a series of policies aimed at attracting high-quality foreign-funded enterprises. We hope to attract more enterprises, especially technology enterprises and R&D centers. According to the news agency, Shenyang, a city in northeastern China that is committed to revitalizing and developing, has taken a series of measures in recent years to improve the local government management and service level and become a city with first-class business environment. Specific measures include: promoting standardization of government affairs, upgrading of government service platform, and promoting the institutionalization of government service. Source: Yang Bin_NF4368, Responsible Editor of Peng Mei News

Singapores Lianhe Zaobao website reported that Beijing recently issued a three-year plan of action for opening up and Reform in key areas of pilot opening up of service industry. Internet information, finance, science and technology, education and other eight key areas of pilot opening up have been added to the path of industrial opening. According to the plan of action, Beijing will promote access conditions for foreign capital in the application store business of open information service, with a pilot opening of foreign capital stock ratio of 100%.

According to the news agency, Shenyang, a city in northeastern China that is committed to revitalizing and developing, has taken a series of measures in recent years to improve the local government management and service level and become a city with first-class business environment. Specific measures include: promoting standardization of government affairs, upgrading of government service platform, and promoting the institutionalization of government service.