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China is making progress on highlighting the importance of ESG factors while making government policies and corporate decisions, according to experts.
China is already the second-largest economy in the world. And now it continues to grow at a more moderate pace under a new normal. The country is now playing an important role in many areas. For example, China is now the largest automotive market in the world, and the country has more than 220 million registered vehicles. China is also one of the biggest trade markets in both export and import. Besides, China is a big manufacturing nation, and it is also aiming to become a strong one in the coming future.
China is already a big power in the internet economy, boasting millions of mobile app developers. But far more efforts are needed in the semiconductor sector.
China is now the world's biggest market for outbound tourism, with Chinese tourists making nearly 150 million outbound trips in 2018, according to a report issued in March by the China Tourism Academy and Ctrip, China's largest online travel agency.
China is ABB's second-largest market, with no country-specific revenue being disclosed. The company said it has accumulated a compounded annual growth rate of 20 percent in the country from 2000 to 2018.
来源：资阳报