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Chinese market continues to grow at a steady pace in the first three months of the year, Li Fusheng reports.
Chinese autonomous-driving startups Pony. Ai and the country's internet giant Baidu ranked the fifth and seventh, respectively, on the list.
Chinese consumers also no longer believe that foreign goods are superior, and consider that domestic brands are now often best at meeting their needs. Global financial service provider Credit Suisse's report, Emerging Consumer Survey 2018, said 91 percent of Chinese consumers ages 18 to 29 prefer local appliances to foreign ones.
Chinese investment in the US has already created nearly 140,000 direct jobs. That is why US local leaders — governors and mayors — have shown huge enthusiasm for attracting Chinese FDI, for instance, by leading trade and investment missions to China.
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.
