BEIJING, Jan. 26 -- Foreign investors in China say the new growth rate report gives signs of China's robust economic momentum.

    The Executive Director of the European Chamber of Commerce in China, Giorgio Magistrelli believes his companies harvest the yield from a stronger economy.

    "According to our recent survey made among our 500 members, more than 70 percent of the companies have been sucessful in the year 2004. Mainly those companies have been here for five to ten years. This is why we always say the strategy for China is a long-term strategy."

    The European Union became China's largest trade partner last year.

    Charles Martin, the president of the American Chamber of Commerce in China estimates China will continue to be hot for US investment.

    "Last year is a good year for American companies in general. We did a survey for our companies on how they thought. They report their profitablity was good. Many of them are profitable, and many of the companies are expected to expand their operations this year."

    China is now the largest importer for US products, and the fifth destination for US exports.

    (Source: CRIENGLISH.com)