GLOBALink | Foreign enterprises show confidence as China moves to unleash market demand

Source: Xinhua News Agency     Updated: 2022-08-05 11:30:26

BEIJING, Aug. 4 (Xinhua) --Foreign experts and enterprises have shown confidence in China's economy as the country is maneuvering its policy toolkit to bolster domestic demand to perk up the economy.

Since March, COVID-19 flare-ups hit consumption hard and caused a decline.

However, the country's retail sales of consumer goods regained vitality and reversed the declining trend to climb 3.1 percent year on year in June.

The recovery came after a raft of policies to spur consumer spending, enticing consumers to open up their wallets and helping businesses survive and thrive.

Many foreign enterprises have made plans to further investment in China.

Produced by Xinhua Global Service