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China is "optimistic" about meeting the goal of stably attracting foreign investment in the mainland through the year, as the January-October figures were sound, the Ministry of Commerce said.
China is currently in the midst of a long-term transformation of its national business model. Earlier growth was based on the nation's comparative advantage at the time-low-cost labor combined with good infrastructure and a business environment that was acceptable for low-wage manufacturing. This business model enabled China's growth for more than 30 years and allowed it to raise almost all of its people out of extreme poverty.
China has vowed to retaliate and announced its proposed tariffs on billion in imports from the US, including soybeans, automobiles and planes.
China has set an example for the world and other developing countries like Pakistan that, through hard work, dedication, honesty and exemplary leadership, it is possible to achieve development and prosperity.
China has seen marked progress in poverty reduction in the past few decades, seeing the rural poor drop from 770 million around 1978 to 16.6 million by the end of 2018.