China's innovation leap a boon for Milliken

China, amid a global landscape marked by rising protectionism tendencies and economic volatility, has vowed to boost domestic demand and expand opening-up, which will contribute to global economic stability, and anchor foreign business confidence in China, said a senior executive with a US company.

"The fundamentals of China's economy are sound and the country's development prospects remain promising," said Cindy Boiter, executive vice-president of industrial manufacturer Milliken & Company and president of Milliken's chemical business, in an exclusive interview with China Daily.

China set its GDP growth target for 2025 at around 5 percent, as laid out in the country's Government Work Report in March.