The facts and figures indicate that there is still great room for China's further growth. With its own efforts, China has won its place in, and become an indispensable part of, the global supply, industrial and value chain. Labor costs in China may have been rising, but they are still far behind those of the advanced economies. Moreover, higher wages for Chinese workers can help stimulate domestic demand. Recently China has replaced the US as the largest destination for foreign capital, proving that China still remains popular among international investors.
Jim Rogers, the American investment tycoon, once said that the 21st century will be the Asian century, with China being the most important country in Asia, and the figures show the truth of his words. Today, more than 470 enterprises out of the Fortune 500 operate in China. With the increasing share of their global sales and profits coming from China, transnational companies have prioritized China as a place of strategic importance. A Bloomberg survey in May showed that global investors have confidence in China and 51 percent of them believe in the helmsmanship of the Chinese government. The March report of the American Chamber of Commerce in China stated that 76 percent of those interviewed believed they would materialize better returns this year than in 2011, and 58 percent of them regarded China as one of the top three destinations for investment. The sales of General Motors in China have surpassed those in the US, and the number of Japanese corporations operating in China has more than doubled over the past decade.
Landmark building should respect the public's feeling
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