World Thanks: Consumer Market and China

world thanks: Photo Xinhua China remains the hottest investment destination in the world thanks to its complete industrial system and promising consumer market, Gao Feng, the spokesperson for the Ministry of Commerce said at a press briefing on Thursday in Beijing, rebutting reports that US tariffs are causing some companies to leave China, according to Global Times China. China has formed a complete industrial system with an accommodating basic infrastructure. Chinese economy is transitioning from high-speed growth to high-quality development. The business environment is also improving, and the consumer market is also upgrading and has bright prospects, Gao said. In the first five months, China's actual use of FDI in US dollar-denominated terms increased 3.7 percent year-on-year to 54.61 billion. He also noted that surging foreign direct investment FDI in China also showed foreign investors' confidence in the Chinese economy and market. (news.financializer.com). As reported in the news.