Few markets pack a punch like China's
Given China's effectiveness in handling the COVID-19 fallout, which was better than most other countries, multinational corporations are finding fresh momentum from the country's surging trade volume.
There has been a significant increase in the volume of China's trade with emerging markets and supply chains that are reliable and relatively less vulnerable to disruptions.
MNCs also sense many opportunities in China's advantages like massive economic scale, huge consumption potential, development of "new infrastructure", a fast-growing digital economy and competitive labor quality, all of which have made the country's supply chains more scalable, extendible and cost-effective.