Great expectations – Part II: China’s prospects for post-pandemic growth
China’s emergence as the world’s second-largest economy in a span of only two decades since it joined the World Trade Organization in 2001 is a testament to the country’s ability to meet its ambitious growth targets. China continues to exceed expectations even in the face of a pandemic, managing to revive exports and domestic consumption. Yet the fact remains that the future is uncertain and the country faces the prospect of coping with the fallout from COVID-19 as well as a number of geopolitical and macroeconomic challenges before it can achieve a well-rounded recovery and get back on track to realizing its full potential.