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China's economic growth is projected to be 6.2 percent for 2019, the same as the IMF's previous prediction in October. Domestic demand is also estimated to remain robust, aided by policies to boost consumption this year, the IMF said in its Global Economic Prospects.
China's new energy vehicle sales reached 1.25 million last year, 17 times that of 2014. In 2018, sales of new energy passenger vehicles in the nation accounted for 40 percent of the global market share, Chen said.
China's efforts to ease market access for foreign investors and build a level playing field for all types of businesses at home and abroad have yielded fruitful results.
China's leading electronic appliance maker Haier Corp announced in August it would build its southern China headquarters in Guangzhou's Nansha district. Its first-phase investment is scheduled to reach 20 billion yuan (.03 billion).
China's lower-tier cities are becoming "bigger, richer, and more eager to spend" and such consumption could triple to .9 trillion by 2030, according to a report from Morgan Stanley.
