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Recovery In Consumption On Track - MOFCOM

CHINA PRESS

January data on domestic consumption shows the recovery is on track and all parties are confident in the market rebound for this year, according to a statement made by China’s Ministry of Commerce. Additionally, the ministry was aware of dozens of high level multinational leaders planning visits to China this year, which shows positive signs for foreign firms' engagement. The first month of the year also showed overseas investment up 14.5% y/y, indicating international firms’ confidence in China over the long run. China welcomed recent positive developments in the Philippines regarding their entry into the Regional Comprehensive Economic Partnership Agreement (RCEP), MOFCOM said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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