China's 'two sessions' under global gaze for solutions to world challenges

Xinhua Updated: 2022-03-04

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Photo taken on April 9, 2020 shows the Lujiazui area in east China's Shanghai. [Xinhua/Chen Fei]

Proposed in the work reports by some local governments in China, a raft of pragmatic measures this year, aimed at building a strong domestic market, fostering new growth drivers, boosting consumer spending and unlocking potential for investment, will continue to invigorate the country's high-quality development and further opening up this year.

China's foreign direct investment will remain robust in 2022, as its large domestic market and strong manufacturing base continue to attract foreign investors, particularly in wealth management, new energy, and high technology sectors, according to a report by the global audit and consultancy firm KPMG in February.

Late last year, the world once again sensed China's sincerity to share the bounty of its vigorous market, when foreign ambassadors to China appeared in live-streaming e-commerce events to promote products from their countries, which were sold out within minutes.

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