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China's financial and business center received billion of foreign investment last year, down 8 percent from 2016, the Shanghai Municipal Commission of Commerce said Thursday.
China's nonfinancial outbound direct investment dropped 6 percent year-on-year to 807.95 billion yuan in 2019, according to the Ministry of Commerce.
China's electric vehicle battery market is expected to embrace better-quality products with lower prices as the nation opens the industry to both domestic and international players, leading to fierce market competition and helping bring better batteries to the market, industry experts said.
China's manufacturing sector has also embraced cloud computing and AI, giving initiatives such as "Made in China 2025" real meaning. Major cloud operators including Tencent Cloud are building industrial big data platforms for Chinese manufacturers that can connect their facilities globally.
China's foreign trade has been impacted by the ongoing epidemic and the country's imports and exports totaled 4.12 trillion yuan (0 billion) in the first two months of this year, down by 9.6 percent year-on-year, according to statistics from the General Administration of Customs.
来源：资阳报