Editor's Note: The Government Work Report released on March 5 has charted a course for China's economic development for this year. By setting fairly robust growth targets, the country is set to be the locomotive pulling the world economy amid global economic headwinds. A number of pro-growth efforts have been unveiled to spur innovation and continue opening-up. The country has also released the Foreign Investment Law to better protect the rights of foreign businesses in China. China Daily polled senior executives from multinational corporations to understand their positioning, perception and predictions of the Chinese market.
The second phase of the Belo Monte ultrahigh voltage power project in Brazil, spanning more than 2,500 kilometers and with some 4,500 base towers, is likely to start commercial operations by the third quarter of this year, according to the State Grid Corp of China, the operator of the project.
China's ongoing efforts to improve air quality will not only benefit the air purifier sector, but also weed out less qualified players and provide a solid foundation to companies with genuine technological edge, according to a senior industry executive.
Shares of Chinese smartphone vendor Xiaomi Corp declined by 5 percent on Wednesday after its quarterly revenue fell short of expectations, though the company beat profit estimates with strong performances in India and Western Europe.
The next-generation in-flight Wi-Fi services, which will provide similar internet speeds and consistency of home and office networks, is likely to be available later this year on domestic and international flights of Chinese airlines.
Truck freight between China and Europe is set to increase substantially after a vehicle loaded with high-tech manufacturing equipment successfully completed the 11,000 kilometer road journey from Dornstadt in Germany to Shanghai in two weeks.
Private enterprises are looking to play a bigger role in promoting China's Belt and Road Initiative to realize more benefits in foreign and domestic markets, according to industry experts.
Angel Yeast Co Ltd, one of the country's largest yeast makers and a biotech solution provider, is banking on its manufacturing facilities in Egypt and Russia to further expand its footprint in the overseas markets.
Firmenich, the world's largest privately owned perfume and taste company, plans to further its efforts to better meet the growing customer demand in China and eyeing further growth opportunities, after opening its largest flavor manufacturing plant in the Zhangjiagang Free Trade Zone in Jiangsu province.
China is shifting to become one of the leading innovators in the world, thanks to an increasingly educated workforce and a growing economy, and there are many opportunities for companies from the United States and China to develop global partnerships and new, innovative ways to grow market share, said Gary Shapiro, CEO and president of the Consumer Technology Association.
The China-Belarus Industrial Park, a signature project on the Silk Road Economic Belt, is stepping up efforts to attract more global investors, said senior executives of the industrial park development company.
China's physical examination market is expected to reach 465 billion yuan ($68.6 billion) by 2022, up 55.83 percent from the level in 2018, thanks to the public's growing healthcare awareness, the increasing morbidity of chronic diseases and the willingness of more employers to offer such services, said a recent report.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
