Felix Salmon, Axios:How China received 2020 China will finish this yr as the one main nation on this planet to see its economic system develop fairly than shrink.
Why it issues:
China is working from a place of nice energy, with an economic system anticipated to develop by 8.4% in 2021.
If President-elect Joe Biden views China as a “critical competitor,” then the competitors shall be fiercer throughout his presidency than at any level in historical past.
WNU Editor: China nonetheless has numerous issues. However the “pattern” is actually favoring continued Chinese language financial development in 2021 and past. And whereas President Biden is saying that he’ll “face up” to China. My Chinese language contacts are telling me the alternative. They’re assured that President Biden will quickly begin to take away the numerous restrictions and tariffs on Chinese language items that President Trump had imposed.