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China's competitive advantage in the global supply chain has not been shaken by the novel coronavirus outbreak and the country will remain a hot spot for foreign investment, commerce officials said on Friday.

China's insurance market is promising growth and foreign investors are upbeat on the market, said Wang Xiangnan, secretary-general of Research Center for Insurance and Economic Development under Chinese Academy of Social Sciences.

China's overall consumer food service sector netted 0 billion in sales revenue last year, the highest worldwide, followed by the United States, Japan and India, according to data from market research provider Euromonitor International.

China's economic rebound has picked up pace, with factory activity expanding strongly in September as the recovery in sector demand and production sped up, the Wall Street Journal reported.

China's domestic retail and catering sectors posted sales of 1.005 trillion yuan (9.05 billion) during the week-long Spring Festival holiday that ended Sunday, an annual increase of 8.5 percent, according to the Ministry of Commerce.