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China gained a total of 75.36 billion yuan of FDI in the field of manufacturing, up 12.3 percent on an annualized basis between January and March, data from the Ministry of Commerce show.
China has achieved huge development and there are many companies that are eager to be global leaders. The market is growing. For us, it's a natural step that all the companies that want to be important in the world, also need to be important in China. And the Chinese companies also want to be global players.
China has become the world's second largest investor in R&D, with 1.57 trillion yuan (nearly 240 billion U.S. dollars) poured in the area last year, accounting for more than 20 percent of the world's total. Its R&D-to-GDP ratio was 2.11 percent, generally at the same level with that of European countries.
China expects sufficient soybean supply from a favorable international market in the first half of this year. [Photo/VCG]
China consolidated its position as the second largest insurance market globally in 2018, with total premiums reaching 5 billion. However, the Chinese market is currently still less than 40 percent of the size of the U.S. market and is also smaller than the three largest markets in Europe - Britain, Germany and France - combined.