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China is trying to shift its economy toward a growth model driven more by consumer spending, innovation and services while weaning it off overreliance on exports and investment.
China is confident that foreign direct investment will continue to remain stable in the second half of this year, in spite of the severe FDI stress from global aspects, a senior government official said on Friday.
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 hopes to increase GDP by about 6.5 percent this year. At this rate, the nation will generate more output than it did during the days of double-digit growth.
China is one of the largest markets for Ford, where it sold nearly 940,000 cars in the first 10 months of this year.
来源：资阳报