Nutrition company scents opportunities from opening-up

China's further opening-up promises tremendous business opportunities for foreign companies in the world's second-largest economy, a top executive of a global nutrition player said.

The country's fast-growing middle-income group and ongoing consumption upgrades are leading to rising nutrition awareness and market demand, said Zheng Qunyi, chairman of Herbalife Nutrition China, after hearing President Xi Jinping's keynote speech at the opening ceremony of the first China International Import Expo, which was held from Nov 5 to 10 in Shanghai.

China is taking solid steps to expand financial opening-up; to continue to advance opening-up in the service sector; to deepen opening-up in agriculture, mining and manufacturing; and to accelerate the opening-up process for sectors including telecommunication, education, medical treatment and culture, Xi said.