chinese citizens: The backdrop of testy China-US trade talks and European governments' increased scrutiny of Chinese interest in strategically sensitive sectors are certainly dark clouds, but between them there is sunlight and hope for common ground, according to Global Times China. China's recent passing of the new Foreign Investment Law, aimed at liberalizing capital flows into the country, signals a watershed moment not only for the Chinese economy, but for Europe and the rest of the world. This is a sensitive subject. The likely impact of the changes 1.5 trillion of inbound M&A over the next decade, a 275 percent increase over the last 10 years. Over the last 20 years, the economic livelihood of hundreds of millions of Chinese citizens has improved exponentially, giving rise to a growing middle class that is projected to include 65 percent of all households by 2028. To understand why China is now choosing to open wider its arms to foreign investors is to understand the evolving nature of China's consumer economy.
(news.financializer.com). As
reported in the news.
Tagged under chinese citizens, capital flows topics.