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Chinese financial institutions have provided more than 0 billion for BRI infrastructure projects. Renminbi-denominated overseas investment funds amounted to over 320 billion yuan (.49 billion) and the Chinese capital market has helped companies raise 500 billion yuan through equity funding. BRI countries and companies have issued more than 65 billion yuan in Panda bonds in the Chinese onshore market, according to the central bank.
Chinese autonomous vehicles technology companies have attracted a total of billion venture funding between 2012 and 2017, which roughly equals to the investments in US startups in the same period.
Chinese downcoat maker Bosideng International Holdings Ltd is another example of China's reform and opening-up success. The company netted sales of over 740 million yuan during the Nov 11 Singles Day shopping festival, up 73.2 percent on an annual basis. Since November, it has seen a 41.6 percent growth in revenue in 42 days.
Chinese real estate giants such as Country Garden, Evergrande Group and China Vanke all saw their sales revenue exceed 500 billion yuan (.87 billion) for the first time in 2017.
Chinese consumers, led by middle-income earners, are more open to new products, especially digital ones, he noted.
