China Alliance – July 2021

In previous decades, China was one of the fastest growing economy in the world. Nowadays, China is the second largest economy in the world, and China is destined to remain an engine of domestic and global growth for years to come.

This ambition s also evident in Chinese governments recent 5-year development plan, which focusses more strongly than ever on the need to develop the ‘domestic markers.

While economies worldwide are struggling due to the Covid-19 outbreak, China is the only major economy t0 have expanded in 2020, with a 6.5% GDP growth in the final three months of the year.