China will end this year as the only major country in the world to see its economy grow rather than shrink.
Why it matters:
China is operating from a position of great strength, with an economy expected to grow by 8.4% in 2021.
If President-elect Joe Biden views China as a "serious competitor," then the competition will be fiercer during his presidency than at any point in history.
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WNU Editor: China still has a lot of problems. But the "trend" is certainly favoring continued Chinese economic growth in 2021 and beyond. And while President Biden is saying that he will "face up" to China. My Chinese contacts are telling me the opposite. They are confident that President Biden will soon start to remove the many restrictions and tariffs on Chinese goods that President Trump had imposed.
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