if you are interested in it ,
Get free samples :sales@edabearings.com
Over the past 70 years, China's economy has been developing by leaps and bounds and has become the second largest economy in the world. On the one hand, through a series of measures, such as promoting foreign trade and vigorously introducing foreign capital, the total import and export volume has increased by more than 4000 times in 70 years, attracting more than 2 trillion and 100 billion US dollars in foreign investment. On the other hand, it has been promoting reform through opening up, especially joining the world trade organization. The upgrading of product structure has made China's economic vitality stronger.
China's continuous opening up has also benefited the world. China's contribution to world economic growth has ranked first since 2006. Lagarde, former president of the International Monetary Fund, believes that China's opening wider to the outside world has brought opportunities to the world. China is not only the "world market" but also the "world factory". It has not only the largest consumer market in the world, but also the only country in the world that owns all industrial sectors. The supply chain has obvious advantages. China's export products are of high quality, meeting the different needs of the international market, reducing the expenditure of local people and reducing inflationary pressure.
It is worth noting that China's foreign investment has also played an important role in global economic growth. Over the past 70 years, China's foreign investment has achieved a leap from zero to 100 billion US dollars, bringing a lot of jobs and taxes to the host country. According to a survey by SOAS at University of London, the employment rate of local staff in Ethiopia's construction sites and factories is more than 90%, and Chinese enterprises have created a large number of employment opportunities for Africa.
PREVIOUS:US economic data show signs of fatigue NEXT:Greek Prime Minister Invites the United States to Mediate the Earth Plug Drillin
