China’s economy remains stable in terms of key macroeconomic indicators such as growth, employment, inflation and the international balance of payments, Radio China reported. The high-quality development continues, and since the second half of September, with the implementation of a number of policies to support the economy, market expectations have improved. This is visible from the economic indicators. For example, in September the consolidated index of business activity (Purchasing Managers’ Index, PMI) reached 49.8%, up 0.7% from August, reflecting the recovery of the market.
The improvement in economic activity is also reflected in the increased interest of foreign companies to develop their business in China. In Shenzhen, the American company Apple opened a new laboratory for applied research. In September, Audi announced the largest distribution of products in China, and General Electric plans to double its investment in R&D in the country over the next three years. Foreign companies see in China not only a large market for sales, but also a stage for innovation.