Foreign companies show confidence in Chinese market

STEADY RECOVERY

In 2021, the Chinese economy injected strong impetus into the global economy with its 8.1-percent GDP growth. This year, China has set its economic growth target at around 5.5 percent, which is expected to uplift the global economic recovery.

"China's sustained and steady economic growth will bring more opportunities, and we are optimistic about the development prospects of the Chinese market," said Meng Pu, chairman of Qualcomm China.

China is one of Qualcomm's largest markets and innovation bases in the world, said Meng, noting that the company's cooperation with Chinese partners has expanded to fields including smartphones, integrated circuits, software, automobiles, the Internet of Things, and others.

Boasting the world's second-largest commodity consumption market, the country's retail sales of consumer goods rose 12.5 percent year on year to 44.1 trillion yuan ($6.97 trillion) in 2021, official data showed.

Herbalife Nutrition, an America-based global nutrition company, has noticed the increasing vitality of the Chinese market and captured Chinese consumers' growing pursuit of healthy lifestyles.

"We believe that the nutrition and health industry will enjoy rapid development in China, and we will continue to increase our investment here," said Woody Guo, senior vice president and managing director of Herbalife Nutrition China.