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"China's economic restructuring can be seen in the rising contributions of consumption and services to GDP," he said, adding strong domestic consumption has not only strengthened the country's markets but also stimulated both multinationals and domestic companies to shift the emphasis of their operations from 'Made in China' to 'Made for China'.
"China's economy, especially its manufacturing industry, has become highly diversified thanks to the sound supportive system and fast-growing domestic markets after decades of development," Tu said.

"Consumers used to make purchase decisions via pictures and texts. But the late 1990s were a different era. Only insightful companies that understand change can succeed," said Chen Zhongqi, founder of Xingcheng Qianzi swimsuit company. As the flagship company of Xingcheng, Qianzi opened 10 online stores on Taobao, eBay and Amazon to cater to individualized demands.
"China should launch a series of targeted policies to encourage small and medium-sized banks, credit unions and emerging financial institutions such as village banks to play a greater role in serving small businesses. It's the main duty of these types of financial institutions to serve small businesses and private companies. The regulator should also allow more small and medium-sized financial institutions that meet compliance requirements to grow," Lian said.
"Currently, there are still some financial institutions from Asia, Europe and the Americas doing market research in China. Some have made clear their business expansion plans in the country, and some have submitted their initial applications for the establishment of financial institutions in China. We estimate that a growing number of foreign institutions will take part in Chinese financial markets over a period of time in the future, and they will become an effective strength for high-quality development of the domestic financial sector," the spokesman said.
来源:资阳报