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Dinesh Paliwal, president and CEO of Harman International Industries Inc, delivers a speech in Shanghai. [Photo provided to China Daily]
Domestic demand is projected to remain robust aided by policies to boost consumption. Supportive fiscal and monetary policies undertaken or announced so far are expected to largely offset the negative impact of higher tariffs, the report said.
Domestic commercial banks have learned a lot from competition, with competition from foreign-capital banks helping China's financial sector in terms of product evolution, market building, business models and management expertise, Zhou said.
Dexter Burleigh, president and CEO of Surge Energy, a US subsidiary of Shandong Xinchao Energy Corporation Limited in Texas, echoed that sentiment.
Directly following Christmas is Sydney's famous New Year's Eve celebration, which will once again light up the harbour and Opera House with its world-famous fireworks display.
