JAN 25, 2020: Chinese New Year, Year of the Rat

JAN 25, 2020: Chinese New Year, Year of the Rat

Some of our expectations for China 2020

  • China’s economy grows less than 6%
  • China continues to invest again 2/3 of global investment in Artificial Intelligence
  • China’s Central Bank issues the RMB as a digital currency
  • The 1st foreign-controlled joint venture bank in China is ING and Bank of Beijing
  • WeChat Pay, Alipay and UnionPay are expanding to foreign on- and offline shops across the globe and foreigners
  • Tesla’s factory produces its Model 3 and SUV Model Y in China and BMW its all- electric Mini’s and its electric iX3 SUV
  • Whilst China leads the e-vehicles market it creates some breakthroughs in the revolution of the self-driving cars
  • 5G-enabled smart-cities will allow China to set de facto standards, especially in Asia, Middle East and Africa
  • More global top performing companies like Huawei and ASML will be singled out to become targets in the US-China trade-war, which fuels separation between the US and China in technology sectors and supply chains
  • China is the world’s largest travel destination with almost 140 million international travelers against some 100 million Chinese tourists traveling to the rest of the world
  • Some major Chinese cities formally introduce a social credit system for people and companies
  • China launches a Mars probe
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