Global economy and China’s economy in 2021

January 2021

China’s economy managed to realise a V-shaped rebound in 2020 and became the only major economy to report positive GDP growth in 2020. In 2021, changes in domestic industrial structure will bring great potential opportunities, including new technological revolutions in 5G, new energy sources, new materials; import substitutions as result of global supply chain transformation; online economy; new urbanisation. 

Meanwhile, there are “opportunities in crisis” from the slow recovery of global economy, low (negative) interest rates in developed countries, and trade frictions, including net capital inflows and financing opportunities; return of US-listed Chinese shares and acquisition of quality assets; RMB internationalisation; oversea investments.

Contact us

Liqing Zhang

Chief Economist, PwC China

Tel: +[86] (10) 6533 2113

Thomas Leung

Managing Partner - Markets, PwC China

Tel: +[86] (10) 6533 2838 / +[852] 2289 8288

Elton Huang

China Tax Leader, Central China Markets Leader, Shanghai Office Lead Partner, PwC China

Tel: +[86] (21) 2323 3029

Xing Zhou

Managing Partner, North China Markets Leader, Beijing Office Lead Partner, Diversity Leader, PwC China

Tel: +[86] (10) 6533 7986

Follow us