Then Chrysler executive Bill Russo signed a contract to locally produce the Chrysler 300C in China. Among its portfolio companies, Arbe Robotics, a provider of imaging radar for cars, went public in the U.S. companies such as Tesla and GM, as well as fast-growing China electric vehicle makers such as BYD, NIO, XPeng and Li Auto. Where are you going to get that kind of growth in this industry of about 70 million cars a year? There's no other place like it.” Automobility, among other things, tracks the performance of U.S. In 2000 at the beginning of the before the accession of the WTO they sold a million cars a year. “When I when I came to China in 2004, it was a three million unit market,” Russo said of auto sales.

That was true back when Russo arrived, three years after China’s entry into the World Trade Organization triggered a boom in trade and income. Foreign enterprises are optimistic about their long-term development prospects in the country,' Shu noted, according to Xinhua. 'China remains attractive to foreign investment as its economic fundamentals for long-term growth remain sound and unchanged. 'But favorable factors that affect China's foreign investment have not changed,' Shu added. 'Influenced by multiple factors, China faces many challenges in utilizing foreign capital,' Shu Jueting, a ministry spokesperson said at a press conference.

For its part, China's Commerce Ministry said Thursday that it would work to stabilize foreign investment in the country and provide a better business environment to foreign companies, Xinhua news agency reported.

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