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China's ongoing progress in market openness, product innovation and business model transformation will secure its position as a strategic priority for multinational corporations, creating long-term financial returns, said market watchers and corporate executives on Thursday. According to a report released on Thursday by the China Council for the Promotion of International Trade, about 90 percent of surveyed foreign companies rated China's business environment as "satisfactory" or higher. The survey included more than 400 foreign companies operating in China in the third quarter. Among the evaluated criteria, the highest satisfaction rates were for market access, access to business premises and completion of exit procedures. From a market perspective, foreign companies that were surveyed remained optimistic about China, said Sun Xiao, a spokesman for the council. Expanding production lines in China or implementing digital transformation are the primary uses of increased investment among
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