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The ’two sessions’ boost confidence for overseas Chinesefirms

Date: 2016-03-18
Views: 28

San Francisco, Mar. 14--The ongoing annual political sessions in China set this years growth target, boosting the confidence of the Chinese companies investing in the United States, said Ben Chen, president of west region operation at China Unicom Americas.

In Chinese Premier Li Keqiangs government work report delivered at the two sessions,China set the target of growth rate ranging from 6.5 to 7 percent, following 6.9 percent GDP growth in 2015.

"We pay great attentions to the two sessions, especially news about economic policies," said Hui Zhao, vice president at China Telecom Americas.

Zhao said that he is quite interested in "supply-side" structural reforms.

"I noted that one aspect of the reform is to facilitate informatization and internet plus, which is quite relevant to our business." Compared to stimulating demand, which tends to be short-lived,supply-side reforms are expected to generate sustainable, quality growth.Yong Wang, president of Huahong International Americas, told the Peoples Daily Online that "Internet of Things" and "Smart home" mentioned in the government work report are now the opportunities for many technology companies seeking huge potentials.

"From this years CES, I noticed that Chinese companies are playing active roles in these areas. I believe that many companies will benefit from this trend."

"I expect that Chinas travel industry will gain a strong momentum. Premier Li mentioned travel several times in his report, which indicates the importance of tourism in developing service industry." Charlie Zhang, president of China Youth Travel Service, said that"During Chinese President Xi Jinpings visit to the United States last year, he announced that 2016 is set to be U.S.-China Tourism Year. Travel and tourism is the United Stateslargest export services industry. And Chinese tourists average individual expense in the U.S. reached 6000-7000 U.S. dollars in 2015. With the launch of the tourism year, this industry will definitely see a great leap."

With more and more Chinese companies "going global", they have made more Chinese voice heard overseas.

 

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