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China is the world's largest e-commerce market, accounting for more than 40 percent of the value of worldwide transactions, and in terms of mobile payments, China now has a transaction value 11 times that of the United States, according to a recent report by McKinsey Global Institute.
China implemented a revised foreign investment catalog earlier this year, which relaxed restrictions on foreign investment in a number of industries.
China is involved in renovating 1,600 kilometers of railways in six provinces in Argentina.
China is starting to play a significant role in research and development, as well as design, along with the rise of global value chains, according to David Dollar, a senior fellow at the Brookings Institution's John L. Thornton China Center.
China is considered one of the most appealing investment destinations for foreign investors despite the ongoing coronavirus outbreak and mounting downside pressure, according to a new report.
