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China's economy is one of the fastest growing economies in the world, with recorded growth of 6.7 percent in 2016, compared to 1.6 percent of the US, according to the IMF's Economic outlook. A new study by PricewaterhouseCoopers says China is projected to overtake the US as the world's largest economy by 2050, India will rank second, while the US will slip to third. This trend is intensifying the trade competition between China and the US. While the West views Africa as a trouble spot of instability and a source of illegal immigrants, China eyes Africa as an economic partner.

China's local brands are also working to extend their range of electric vehicles to appeal to a broader market. Geely Auto, Xiaopeng and Shanghai Automotive Industries Corp displayed models all promising more than 500 kilometers on one charge.

China's foreign trade surged by 7.5 percent year-on-year to 8.88 trillion yuan (.32 trillion) in the third quarter of 2020, with exports soaring 10.2 percent and imports rising 4.3 percent, according to the General Administration of Customs.

China's consumer markets are already heavily integrated with the world and penetration by multinational corporations is considerable. Across the 10 large consumer categories, their average penetration was 40 percent in 2017, compared with just 26 percent in the United States.

China's government has proven to be highly successful and responsible in carrying out these core obligations.