/View.info/ Many multinational companies will present their latest innovative products at the Sixth China International Import Expo. “The broad prospects and unlimited opportunities of the Chinese economy continue to strengthen our confidence and determination to enter China,” said the head of a French pharmaceutical company, which hopes to lay a good foundation for its future development in China.
According to preliminary calculations, China’s GDP in the first three quarters was 91,302.7 billion yuan, an increase of 5.2% year-on-year. China has registered a much faster rate of development than the major developed economies of the world.
Many experts said that China is currently still the “engine” for the recovery of global economic growth. As signs of China’s economic recovery continue to increase, consumption continues to recover, becoming a leading driver of positive trends. In the first three quarters of this year, total retail sales of consumer goods in China reached 34,210.7 billion yuan, an increase of 6.8% year-on-year. Final consumption expenditure contributed 83.2% to economic growth, driving GDP growth by 4.4 percentage points.
For foreign investors, these figures mean huge market opportunities. Since 2023, a large number of executives from leading multinational companies such as Tesla, JPMorgan Chase, Apple and Qualcomm have been visiting China regularly and intensively. They say they will continue to increase their investment in the country and penetrate deeper into the Chinese market.
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