China might be ready to open its borders again partially in the second half of 2022, says leading virus expert Zhang Wenhong on a health forum in Qingdao in June, according to the South China Morning Post. That partial opening will depend on the speed of China’s vaccination program, he added.
China counts more than 1,000 billionaires in US dollar terms, overtaking solidly the US, according to the Hurun Rich List ranking. “We’re currently in the heart of a new industrial revolution, with new technologies including artificial intelligence, blockchain, cloud, data and e-commerce creating new opportunities for entrepreneurs and leading to a concentration of wealth and economic power on a scale never seen before,” said Hurun Report Chairman and chief researcher Rupert Hoogewerf, according to Shine.
The corona crisis might still be ravaging economies worldwide, 2020 looks to end pretty well for China, says Shanghai-based business analyst Ben Cavender in the state-owned China Daily. “While there are still underlying weak spots in the economy that have been slower to recover, the overall story is very positive,” adds Cavender.
Only half a decade ago Silicon Valley thought China becoming a force of innovation was preposterous. Now, under Trump, China has proved them wrong, says business analyst Shaun Rein in a wide-ranging interview with state paper Global Times. Also: China’s successful fight against Covid-19 and decoupling economies.
The US failed to stamp out the coronavirus, unlike China, says Harry Broadman, a former senior US trade official to the Sydney Morning Herald. And since South Korea and New Zealand also dealt with COVID-19 efficiency, it is not China’s authoritarian regime that made the difference, he adds.