Despite the latest COVID-19 flare-ups and global economic uncertainties, foreign companies are optimistic about their business prospects in China and plan to further increase investment.
The combined profits of China's state-owned enterprises (SOEs) rose 7 percent year on year to nearly 1.02 trillion yuan (about 155.5 billion U.S. dollars) in the first quarter of the year, official data showed on Tuesday.
Investment, a traditional key driver of China's economic growth, is unleashing new energy as the central authorities have made fresh arrangements to modernize the country's infrastructure for sustained growth.more
While complex domestic and international economic situations weigh on businesses amid a lingering COVID-19 pandemic, China's foreign trade enterprises will see their cash flow problems eased by a raft of relief policies.more
The combined operating revenues of major companies in the sector amounted to about 2.7 trillion yuan (about 408 billion U.S. dollars) during the period, up 5 percent year on year, according to the National Bureau of Statistics (NBS).