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China stresses that the people's democracy is the lifeblood of socialism, and the principle of the people as masters of the country is the essence and core of socialist democracy.
China ranked 20th in service trade development globally, taking the top spot among developing countries according to a report by a government think-tank.
China will be a primary driving force for the large-scale commercial use of 5G in 2020, which will offer a good opportunity for Ericsson AB to expand businesses in the highly competitive market, said Borje Ekholm, CEO of the Swedish telecom equipment maker.
China led in the number of metal, construction, automotive and real estate companies. However, healthcare and medical companies in the US outnumbered Chinese counterparts on the list.
China not only attracts US investors' attention but also European investors in diversified areas. Unlike Europe, VC constitutes a huge part of PE in China, about 40 percent of PE investments can be deemed VC/growth…compared to only some 14 percent VC in European PE, said Claus Mansfeldt, president of Luxembourg Private Equity and Venture Capital Association.