Cp Group: China and Percent

cp group: China will turn into the world's largest market in the future as its middle-income group has exceeded 400 million and continues to grow, according to Global Times China. A typical example of the marked expansion of the Chinese market is CP Group's factory in Qingdao, East China's Shandong Province, which used to export nearly all its products to Europe, the US and Japan just 40 years ago. Demand has become the vital element for the markets of the future, Yang told Xinhua in an interview. Now 70 percent of the products are sold in China, while exports account for only 30 percent of the total output, Yang said. Over 60,000 overseas companies were newly established in China last year, surging 69.8 percent year-on-year, data from the Ministry of Commerce MOFCOM showed. As the first foreign company entering China after the country adopted an opening-up policy, CP Group has benefited from the expansion of the Chinese market, establishing over 400 enterprises in various sectors and generating a yearly sales volume of nearly 130 billion yuan 19 billion . Yang applauded China's opening-up and encouraged the country to continue opening up its market to the world. (news.financializer.com). As reported in the news.