People visit the booth of an Australian alpaca plush toy maker at the 3rd China International Consumer Products Expo in Haikou, south China's Hainan Province, on April 12, 2023. (Xinhua/Fan Yuqing)
BEIJING, May 31 (Xinhua) -- Some 80 percent of the surveyed foreign firms expect their return on investment to remain flat or increase this year, and over 90 percent of the respondents expect their return on investment to remain flat or increase in the next five years, according to a report released by the China Council for the Promotion of International Trade (CCPIT) on Tuesday.
Foreign enterprises are upbeat about the prospects of the Chinese market as China continues to improve its business environment, enhance industrial chains and supply chains, and facilitate cross-border trade, according to the report.
Yang Baoyan, President of Coach China, said that the company plans to add 30 stores in China in 2023 and will have increased 100 stores by 2025, as it is inspired by China's efforts in attracting investments and expanding domestic demand.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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