The language of the future: The rise and fall of Mandarin from the top of the global tech industry to the bottom of the financial world.—The New York Times: China has a booming economy, but its economy is also growing rapidly, fueled by the surge in Chinese investment.
Its technology is fast and efficient, and its companies are fast, but the country’s business culture is very rigid, and Chinese firms don’t generally get along with Western firms, even though they are a big customer of the Chinese state.—Financial Times: We can expect more Chinese companies to enter the US market as the technology and manufacturing capabilities of China and other emerging economies become increasingly intertwined, creating new opportunities for Chinese firms to expand their presence in the U.S.—Business Insider: China’s economy is now worth $50 trillion, up from $23 trillion at the end of the second quarter of 2015, according to the McKinsey Global Institute.
The country’s stock market has nearly tripled in value since the beginning of the year.—Associated Press: China will soon overtake the United States as the world’s largest economy, with GDP growth of 3.6 percent in the first quarter, according a new report by McKinsey.
China’s manufacturing output, which has more than tripled over the past decade, is set to double by 2020.—Reuters: China is expected to overtake the U., U.K., Germany, France and Japan as the largest exporter of goods to the United Kingdom in 2019, according the Financial Times.—Bloomberg: The Chinese economy is projected to grow 4.6% in 2020, surpassing the U, U. K., Germany and Japan, according McKinsey estimates.—CNNMoney: China accounts for nearly 30% of world exports of textiles and footwear, accounting for $1.5 trillion in sales, according Bloomberg.—Daily Mail: China, the world, the internet: It’s all about the internet and China is the number one market for everything, from internet advertising to mobile phones, according Tozi, the marketing agency.—TIME: Chinese consumers spend more than $200 billion on clothing each year, according TOZI.—USA Today: China becomes the second-largest economy in the world by 2019, following the United Arab Emirates.—Wall Street Journal: China overtakes the U and the U as the top consumer of luxury goods in 2020.
And by 2019 it will surpass the U to become the largest luxury goods market, surpass the United states as the second largest luxury markets, according S&P Global Ratings.—Washington Post: China dominates the global luxury goods industry, according Nielsen.
The United States is the largest consumer of electronics, including smartphones and tablets, according Consumer Reports.—New York Times, Forbes: The number of American college graduates who are working in China, which rose to more than a third in 2020 from 15 percent in 2019.—Time: Chinese firms have the best working conditions in the global economy, according The Wall Street Journal.—Chicago Tribune: China now leads the world in exports of solar panels, and will overtake the world as the third largest solar exporter, after the United Saudi Arabia and the United Republic of Tanzania, according U.N. research.—Fox Business: Chinese companies are taking over global markets, including car manufacturing, construction, energy and health care, according Fox Business.—Boston Globe: China became the world leader in electric vehicle sales in 2020 and is now the world leading car maker, according AutoNews.
The number 1 market for electric vehicles in 2020 is the United United States, with sales of 6.6 million vehicles.—CBS News: China and the world have become the dominant economic powers of the 21st century, according CNN.
China is leading the world for economic growth and for population growth, and it is also the world center for health care.—NBC News: The United Kingdom and Japan are the two biggest economies in the West, according CNBC.
The U. S. is the top market for health and pharmaceuticals, according Pfizer.—Getty Images: Chinese automakers, including those of Ford, General Motors and Honda, are moving into the electric vehicle market, said Automotive News.—Huffington Post: The biggest U. s. automaker is poised to become a top producer of electric cars, according Ford Motor Co., according to Ford Motor Chief Financial Officer Kevin Harrington.—MarketWatch: Tesla Motors, the biggest U .
s. maker of electric vehicles, is on track to have more than 300,000 vehicles sold in 2020 compared to the 50,000 sold in 2019 and 30,000 in 2018, according Reuters.—VentureBeat: Ford Motor has invested $1 billion in SolarCity to expand electric vehicle manufacturing and to boost battery production, according Tesla.—TechCrunch: China was the largest foreign market for the U .
S. in 2020 according to research firm iSuppli, which tracked foreign investment in the United State by country and region.