There is so much to look forward to after a challenging 2020. To help you keep your finger on the pulse in the China market, we are pleased to bring you a series of news digest - twice a month - featuring the latest news and developments in China, the Pro-AV industry and the tech ecosystem. For our first issue, here are three top stories you cannot miss.
Developments in China
China's economy is growing faster than before the pandemic
The country's GDP rose 6.5% during fourth quarter of 2020, exceeding 2019's record of 6% - cementing its place as the dominant economy in Asia. Sectors like construction, heavy industry and export manufacturing are on the rise while employment rate has been picking up. Read more here.
China to leapfrog U.S. as world's largest economy by 2028
China's management of the pandemic - including strict lockdowns and extensive testings - has attributed to its quick recovery and better economic performance compared to the West. Read more here.
Growth of digital economy in China to outpace nominal GDP
Rapid adoption of digital technologies - accelerated by the pandemic - has given rise to the use of tele-consultations, mobile-banking and expanded the gig economy. Read more here.
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