Despite the shrinking external demand, China faces overcapacity; but there is also huge potential of domestic demand. Take service industry for example, service sector's ration in GDP is about 70 percent in developed countries, but in China, it is only 42 percent. The gap means huge potential. Bio-industry, information industry, advanced manufacturing…all these fields in our economy invariably contains new opportunities of structural adjustment and huge potential for growth.
It is worth noting that some international capital seems to have noticed new business opportunities in China. A typical example is the E.U., which is stepping up efforts to invest in China despite recession.
In January 2013, 27 countries of the E.U. made investment in China to set up 140 new enterprises, a year-on-year growth of 30.8 percent. The investment reached 820 million U.S. dollars, a year-on-year growth of 81.8 percent.
According to statistics, China comes after the United States in absorbing foreign investment, ranking second in the world.
If China can put more efforts in transforming economic growth mode, it can turn potential opportunities into growing factors.
Attractive boys and girls at an art college's enrollment site in Qingdao
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