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China has launched more than 20 satellite constellation plans, 14 of which were initiated by private firms.
China has enacted both monetary and fiscal policies to offset downward pressure on economic growth this year. Some economists have predicted the growth rate may slip in the first quarter below the 6.4 percent of the past three months of 2018 because of factors such as trade tensions.
China climbed to 17 in the rankings from 22 last year.
China has been key in driving world growth since 2008 and many multinational companies view the country as critical to their strategic growth plans. Its position on the world stage is only set to increase as it transitions from being an export-driven to a consumption-driven economy. China is also pushing forward with initiatives such as the Belt and Road and becoming increasingly confident at world forums such as APEC, G20 and WEF.
China has been the biggest and most important market for Fonterra, and accounted for nearly 25 percent of the volume in the overall business. The company said its Anchor brand accounted for half of the mozzarella cheese used in pizzas in China, and it served half of the mainstream bakeries and tea houses.
