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Business Is Booming in China . . . Again

Image: Maksym Yemelyanov/Adobe Stock
China saw 2.1% growth in 2020, an amazing accomplishment given that the economy was shut down for nearly six months. And this year, the World Bank projects 7.9% growth for the "world’s factory."
Thanks to a successful COVID-19 containment policy, China has emerged from the pandemic largely unscathed. Consumer spending, infrastructure, factory production, and private investment all experienced major upswings in the second half of last year. As a result, China saw 2.1% growth in 2020, an almost unbelievable feat given an economy that was shut down for nearly six months.
Add President Biden’s willingness to at least restart talks with China, the recently signed EU-China trade agreement, and the lifting of COVID lockdown orders throughout the United States, and it certainly appears that China, the United States, and the world are heading in the right direction.

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Decoupling denied: Japan Inc lays its bets on China

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Decoupling denied: Japan Inc lays its bets on China
Decoupling denied: Japan Inc lays its bets on China
Trade rift between Beijing and Washington creates havoc and opportunity for Asia’s economic giants
World Economy News
17 Feb 2021
• 11 min read
In 1978, when Chinese leader Deng Xiaoping visited a factory belonging to what is now Panasonic in Osaka, he made chairman Konosuke Matsushita an offer he could not refuse.
That year, China’s economy lay in ruins following the Cultural Revolution. But Deng had an idea. Turning to Matsushita, his guide on the tour, he said: “You are called the god of management. Will you help us modernise our economy?”

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