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Chinese construction machinery companies will continue to grow quickly, with more investment expected in the US, said industry insiders.
People who are concerned about China’s relatively low favorability rating among Americans may breathe a sigh of relief from the latest Gallup poll.
China is expected to supply next-generation bullet trains capable of traveling at 400 km per hour for Russia’s Moscow-Kazan line by 2020, which could enhance the country’s position as the world’s leader in high-speed rail products and services, said an expert working on the project.
Online sales for Spring Festival are booming, and products from rural China and overseas are hot, according to e-retailers and consultants.
Short-term capital controls may help fend off financial risks, but they will not last long at a time when the country is stepping up efforts to promote the yuan’s use in international trade and enhance market openness, say economists.
US retailers and brands are being advised to upgrade their Chinese consumer strategies and tactics and heed changes in market factors, such as currency exchange rates, to court Chinese travelers, the world’s largest group of spenders.