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Foreign investors remain optimistic about China, and there has been no large-scale withdrawal of foreign investment from the market despite the novel coronavirus outbreak, the Ministry of Commerce said on Thursday.
China's top industrial regulator said thursday that resumption of work in the country's manufacturing sector has been increasing rapidly, and the country will resolve any issues companies are facing amid the fight against the novel coronavirus outbreak.
Foreign direct investment in the nonfinancial sector fell by 10.8 percent on the Chinese mainland on a yearly basis to 216.19 billion yuan ($31.2 billion) in the first quarter of this year, the Ministry of Commerce said on Wednesday.
A growing number of licensed players have entered the consumer finance market since the end of last year as the central authorities stressed stabilizing household consumption and accelerating the release of spending potential.
While oil price plunges will impact the global economy, which is already reeling from the coronavirus pandemic, Chinathe world's top crude importeris likely to boost its oil reserves amid the bargain price environment, said insiders.
A Chinese commerce official said Thursday that the country's consumer market is recovering from a coronavirus-induced slump.
China's effective handling of the COVID-19 crisis has provided stability to the global industrial chain amid economic disruptions, a Singaporean economics scholar has said.
Author: Producer Emilio Mendez
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