TaiShang
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Foreign firms upbeat on China business
China.org.cn
A business confidence survey by the German Chamber of Commerce in China this month showed 90 percent of business planning to keep or expand their business this year, with nearly 60 percent hoping to achieve or exceed their targets. In terms of reform, 70 percent are optimistic, saying domestic consumption, environmental protection, and emphasis on the market will be good for business.
Another Chamber of Commerce, this time the Americans in Shanghai, expect one fifth of American companies chose China as their "first investment destination", and 48 percent plan to increase investment here.
Confidence in the economy comes from an increasing number of middle-income consumers and stable growth in second and third tier cities.
Jin Yuanpu of Renmin University believes consumption is shifting from basic daily needs to the higher end, particularly services, and growth potential is far from exhausted.
A research note from the Peterson Institute for International Economics said that Chinese leaders may be willing to accept slower growth as long as labor market indicators look stable and only structural reform can ensure a healthy labor market.
This analysis is broadly correct, and a welcome sign of better management of the economy.
China.org.cn
A business confidence survey by the German Chamber of Commerce in China this month showed 90 percent of business planning to keep or expand their business this year, with nearly 60 percent hoping to achieve or exceed their targets. In terms of reform, 70 percent are optimistic, saying domestic consumption, environmental protection, and emphasis on the market will be good for business.
Another Chamber of Commerce, this time the Americans in Shanghai, expect one fifth of American companies chose China as their "first investment destination", and 48 percent plan to increase investment here.
Confidence in the economy comes from an increasing number of middle-income consumers and stable growth in second and third tier cities.
Jin Yuanpu of Renmin University believes consumption is shifting from basic daily needs to the higher end, particularly services, and growth potential is far from exhausted.
A research note from the Peterson Institute for International Economics said that Chinese leaders may be willing to accept slower growth as long as labor market indicators look stable and only structural reform can ensure a healthy labor market.
This analysis is broadly correct, and a welcome sign of better management of the economy.
