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"China urgently needs a growth boost" relying on an accelerated growth of infrastructure investment, said Yu Yongding, senior fellow and academician at the Chinese Academy of Social Sciences. Yu made the remarks at a forum titled "Stronger together: Global recovery from COVID-19" jointly organized by the Chinese Academy of Social Sciences and China Daily on Wednesday.
"China's fixed asset investment will see steady growth in 2019. It will continue to be the primary driver of the building materials industry. The continued advancement of the supply-side structural reform will help optimize the industrial structure and provide new impetus for its development," the ministry said in a recent report.
"China's growing middle-class has more money to spend, particularly on high-end, nutritional dairy items," said Song Liang, a senior independent industry analyst.
"Clearly it is a question of market size, growth rates and ease of doing business here," Ker Gibbs, president of the AmCham Shanghai, told China Daily.
"Chinese-owned companies in the UK commonly regard the UK as a bridgehead, from which they can expand their business model to Europe," he said. "But Brexit can change it. That's why a considerable number of enterprises are still adopting a wait-and-see approach, during which the cost burden is increasing," he added.
