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Chinese Premier Li Keqiang attends the 8th leaders' meeting of China and Central and Eastern European Countries (CEEC) in Dubrovnik, Croatia, April 12, 2019. [Photo/Xinhua]
China's premium car segment, where about 2.4 million cars were sold last year, is like a Hollywood-style blockbuster starring three German giants-Audi, BMW and Mercedes-Benz.
China's rapid urbanization, modern manufacturing and a vibrant services sector are all massive growth opportunities for foreign firms as well as domestic companies. This is true for high-end plastic products, sustainable construction materials and automobile components, as well as for the company's broad spectrum of upstream suppliers and downstream clients, said Javier Gimeno, group senior vice-president and CEO of the company's Asia-Pacific operations.
China's trade with BRI economies totaled 5.03 trillion yuan, up 10.2 percent year-on-year, about 6 percentage points higher than the overall pace, accounting for 28.9 percent of China's total trade volume.
China's ranking on the Global Innovation Index released by the World Intellectual Property Organization jumped from 29th in 2015 to 14th in 2020, he said. The number of full-time R&D personnel in the nation grew from 3.76 million in 2015 to 4.8 million last year.