Foreign investors
in China say the new growth rate report gives signs of China's
robust economic momentum.
The Executive Director of the European Chamber of
Commerce in China, Giorgio Magistrelli believes his companies
harvest the yield from a stronger economy.
"According to our recent survey made among our
500 members, more than 70 percent of the companies have been sucessful
in the year 2004. Mainly those companies have been here for five
to ten years. This is why we always say the strategy for China
is a long-term strategy."
The European Union became China's largest trade partner
last year.
Charles Martin, the president of the American Chamber
of Commerce in China estimates China will continue to be hot for
US investment.
"Last year is a good year for American companies
in general. We did a survey for our companies on how they thought.
They report their profitablity was good. Many of them are profitable,
and many of the companies are expected to expand their operations
this year."
China is now the largest importer for US products,
and the fifth destination for US exports.
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