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Beijing fears quick U.S. success in war
Zhao continued that in attracting foreign capital, the advantage of labor costs in some developing countries would gradually become obvious. He believed that China’s greatest advantage lies in its enormous market potential, and foreign direct investment in China will continue to grow steadily.
Zhao also predicted that during the period of this US war, China’s traditional exports, including inexpensive consumer products, would not be affected very much. Instead, information technology and consulting based in the U.S. will be greatly affected.
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