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China s growing power brings challenges | News, Sports, Jobs

Nearly every day we hear or read of increasing concerns over communist China’s economic and military growth. Recent data published in the Washington Post indicates China logged 2.3 percent growth for 2020, making it the only major economy to grow last year despite crippling effects of the global pandemic. In a sign of how quickly China managed a turnaround, the National Statistics Bureau said its gross domestic product rose 6.5 percent during 2020’s fourth quarter, even exceeding its pace before the pandemic. China’s GDP surpassed a milestone in 2020, topping about $15 trillion. In January, via Chinese state media, the country’s foreign minister, Wang Yi, told world leaders and global investors China’s fast recovery from COVID-19 could lift the rest of the world.

China s Business Environment in 2021 Looks Bright: AMCHAM South China

Moreover, the pandemic – an event the likes of which comes only every few generations – unleashed far reaching, possibly permanent changes, on how we do business, consumption priorities, and innovations in key sectors. Digital infrastructure, education and health services, climate resilience and green technologies, are just among the many frontier industries that will see expanding investment, R&D, and market growth due to the experiences spilling over from coping under and combating COVID-19. Thus, while there will continue to be several challenges on the road to normalization, plenty of opportunities exist for businesses in China, and elsewhere. In its 2021 White Paper and the 2021 Special Report on the State of Business in South China, the American Chamber of Commerce in South China (“AMCHAM South China”) takes a focused look on the business environment in China, in particular, how companies were able to survive unforeseen catastrophes and emerge stronger and optimistic

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