China’s broad economic reach is creating new opportunities for businesses, US business magazine Forbes said in a recent article.
“Its (China’s) GDP growth was through the roof. Everything is growing around here,” Mark Lasry, chairman of Avenue Capital Group, said of China’s growing strength.
China’s relative success in fighting the COVID-19 pandemic has given a boost to its economy, which has increased by 18.3% over the previous year, the first quarter of 2021, one of the best performances of an economy that is now the second in the world. older, Lasry said, as he addressed an online forum on US-China relations.
“So from what we’re looking at, I think now is a good time to invest in China,” said Lasry, optimistic about the business outlook in China.
Echoing Lasry’s statements, Joyce Chang, JP Morgan’s president of global research, said China is rising in its global position in industries such as solar power and electric vehicles.