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Chinese internet giant Tencent topped the league table, followed by e-commerce leader Alibaba and the leading telecoms company China Mobile. Other well-known names in the top 10 include the telecommunications company Huawei, the Chinese liquor producer Moutai, and the world's biggest bank in terms of assets, Industrial and Commercial Bank of China.
Chinese automobile brands are developing right here in the world's largest auto market, and that has helped bolster the already robust local automotive supply chain, said Liu from the China Development Research Foundation. "Chinese auto brands are competing side by side with their international peers. Despite being weak in some areas, Chinese car makers are ahead of the world in other areas," he added.
Chinese people's consumption of services has been steadily rising over the past two decades. Use of transportation and telecommunication services, for example, accounted for 18 percent of urban residents' total consumption in 2018, up from only 7 percent in 1998, according to a report by Moody's Investors Service. Residential expenditures for services in education, culture and entertainment and healthcare also increased substantially in the past 20 years.
Chinese financial regulators are channeling more energy into risk control and de-leveraging as solid GDP growth in the first quarter has provided more room for such adjustments.
Chinese companies invested a total of billion in 5,159 enterprises from 154 countries and regions during the January-September period, the Ministry of Commerce said on its website.
来源：资阳报