China’s economy is also anticipated to progress after the rollout of an improved COVID-19 policy, Wang was quoted as saying by local media reports. He was asked to comment on the surveys carried out by the German Chamber of Commerce in China and the China-Australia Chamber of Commerce among German and Australian businesses in China.
China will remain a favourable and upcoming investment destination for business from Australia, Germany, and other countries, emphasised Wang.
The survey results revealed that 77 per cent of German companies that were surveyed anticipated a rise in annual growth over the next five years and 66 per cent of the Australian companies in China aim to go back to or surpass investment levels before the pandemic, noted Wang.
Moreover, 58 per cent of the Australian respondents stated that China is among their top three priorities for global investment plans over the next three years. The country’s Human Development Index ranking in 2021 rose up to six spots compared to 2019. China follows a mutually beneficial strategy of opening up and works towards helping build an accessible global economy, added Wang.
ALCHEMPro News Desk (NB)
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