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China consumed 128,200 tons of coffee beans in 2016. With an average annual growth rate of over 22 percent since 2006, it is one of the world's largest coffee consumers.
China has become the lone ray of hope for foreign automakers including Volkswagen and GM, as the global automotive industry has been badly hit by the coronavirus pandemic.
China has also built the world’s most complete construction machinery production chain, and all parts of that chain can be produced in China.
China decided in 2018 to phase out the equity cap in the automotive industry. In the same year, BMW became the first international carmaker to acquire a majority stake in its car-making joint venture.
China has established 18 free trade zones across the country to experiment with new regulations and explore ways to improve the business environment that would later be replicated nationwide.