Why is investing in China in 2017 different from investing in the country a decade earlier?

A decade earlier China had a GDP growth of 14.2 percent on the back of surging manufacturing and exports. Nowadays, China is entering an upper middle income status with more modest but constant growth, based on domestic consumption, services, and higher value-added manufacturing. It could be said that the most useful vehicle for foreign investors establishing their business in the country’s changing economy is a wholly foreign-owned entity (WFOE).