Rapid growth in China post-COVID makes it ripe for investment

  • Date: 18-Jan-2021
  • Source: World Economic Forum
  • Sector:Economy
  • Country:Middle East
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Rapid growth in China post-COVID makes it ripe for investment

China has the only economy thought to have grown GDP in 2020.

Rising incomes are expected to lead to a rise in demand for premium goods and services.

Southeast Asia is on the cusp of a technology-driven consumption boom.



In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.



Asian markets are expected to be the fastest to recover from the pandemic. Being "first in and first out“ of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.













China's economy rebounded sharply.











By contrast, Germany's economy is expected to have contracted by 5.5% and the United Kingdom is anticipated to have declined by 11.2%. Of the G20, excluding China, South Korea and Indonesia are expected to be among the best performing economies, albeit their GDP is still expected to have declined by 1.1% and 2.4%, respectively.