In 2020, the main international organizations forecast a 1.8 yearly growth rate for China, in contrast to significant decreases for the rest of the economies.
In 2019, China’s economy surpassed the whole Eurozone countries in terms of GDP size, and it is expected to overtake the US by 2030, according to forecasts by Oxford Economics.
The opening of the economy to the outside world, along with the process of industrialization, currently ranks China as the second economy with the greatest weight in the worldwide trade of goods and services.
Since 2000, exports of Chinese goods to the US has multiplied by 6, while those from the US to China has multiplied by 4.
In the past 25 years, China has gone from having 0.4% of the companies with the greatest revenue on a worldwide scale to 24.9%. It is also the country with the largest number of companies (124) on the Fortune Global 500 list.