China will continue to make strides, and contribute to global economy

Many executives of multinational companies have, in recent days, expressed that the Chinese market is irreplaceable and they are optimistic about its economic development prospects. The reason for such optimism lies in China's official data on national economic performance in January and February. In the two months, the added value of industrial enterprises above designated size increased by 7 percent year-on-year. Among the 41 industrial categories, 39 achieved year-on-year growth in added value. Fixed asset investment also grew 4.2 percent year-on-year. In February, the index of enterprise production and operation activities, and service business activities is expected to have reached 54.2 percent and 58.1 percent, both in the prosperity range.

A series of data show that the long-term fundamentals of China's economy have not changed, and signs of continued recovery have emerged.

In fact, such a "good momentum" can be found in various aspects. In the first two months of this year, China's total retail sales of consumer goods increased by 5.5 percent year-on-year, reflecting further strengthening of its consumption momentum. The country has launched a new round of large-scale equipment renewal and replacement of old consumer goods with new, which is expected to bring a market with an annual scale of more than 5 trillion yuan ($694.50 billion).