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China, in particular, is gaining strong momentum. Shenzhen, Guangzhou, Qingdao and Chengdu have moved forward two, four, 14 and four places, respectively, in the ranking.
China's supply-side structural reform since early last year has led to reduction of excessive production capacities, which, coupled with the country's crackdown on polluting production and higher prices for international commodities, has pushed up prices of domestic industrial goods, such as steel and copper.
China's pharmaceutical market has been constantly growing in recent years, and is estimated to reach 1.8 billion by 2023, taking a 30 percent share of the global market, said an industry expert.
China, which has repeatedly voiced support for free trade and multilateralism, became the largest recipient of foreign direct investment against a downward global trend in the first half of 2018, a United Nations-sponsored report shows.
China's recovery "is probably the most positive factor for the world economy and also for Asia," said Rajiv Biswas, executive director and Asia-Pacific chief economist at consulting firm IHS Markit. The world's second-largest economy "is a huge market for exports for most of the other Asian countries, and also for Australia and for New Zealand."
来源：资阳报