business community: Inset Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai on January 7, 2019, according to Global Times China. Photos VCG There will be more opportunities for foreign firms to invest in China in 2019, as a result of the Asian country's efforts to create a more favorable environment for global businesses. After four years of planning, Tesla finally broke ground on its planned 5 billion factory. China will certainly create a favorable environment for the business community, Lin Yifu, director of Center for New Structural Economics, said during a yearly event held Thursday under the theme Forecast of China's Economy for 2019. That means there will be more opportunities for foreign firms to make direct investments into China, and the Chinese government will encourage that, added Lin, also a professor and honorary dean of the National School of Development at Peking University. Lin added that China is set to expand more pilot free trade zones.
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