The Chinese Minister of Commerce, Chen Deming, recently wrote an article estimating China’s domestic market size for 2010 to be US$2,000 Billion. The article was published with the background that many foreign investors have recently started to worry that China is no longer focusing on attracting foreign investments and is no longer welcoming foreign capital. The article also admitted that foreign investments have declined 2.6% so far this year. The article discussed the strategy on how China plans to get out of the “crisis.” The primary solution is to adjust and upgrade industry structures. Services, high-end manufacturing and environmental products are identified as key areas.
Source: China News Net, July 28, 2010