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Chinese anti-corruption authorities will strengthen judicial cooperation with foreign governments, especially Western countries on some major cases. [Photo/VCG]
Chinese consumers will continue to drive global luxury purchases, buying nearly 50 percent of luxury goods worldwide by 2025 as the country has been leading the global recovery of the COVID-19-hit high-end products' market, said an industry report.
Chinese insurers grabbed headlines by using leveraged money to buy shares in listed companies, triggering sharp volatility in the market late last year.
Chinese brands continue to pursue global growth and rapidly expand their international presence and stature. Only one－China Construction Bank－was listed in the 2006 ranking of the most valuable global brands; the 2020 ranking includes as many as 17.
Chinese economy underwent a meaningful slowdown caused by deleveraging in 2018, compounded by negative investment and consumer sentiment due to trade tensions with the United States and a slow and gradual policy response, said Mariscal.
