2020 is so different.
If there is something going on in 2020, it is undoubtedly the "epidemic". This is especially true for the medical industry:
Because China has recovered the fastest under the epidemic, the Chinese market has become the core area for the development of multinational medical companies;
Because the epidemic restricts free movement in space, digitalization is becoming mature at an unprecedented speed;
Because restraining the epidemic requires innovation in medical technology, capital is largely focused on the medical and health field.
In 2020, when we witness history, we will also be written into history;
2020 is related to you, me and everyone.
1.1 China may become the only positive growth country in the global economy in 2020.
According to official data, China's gross domestic product (GDP) has recorded a year-on-year growth of 0.7% in the first three quarters, turning from negative to positive for the first time during the year; the year-on-year growth rate of imports and exports and investment also turned positive.
Many international organizations predict that this year China may become the only country in the world that can achieve positive economic growth.
As the rebound of the epidemic in many countries is becoming more and more intense, and the short-term recovery of the world economy is hopeless, China, which is the first to resume economic growth, has become a "shock absorber" for many companies to hedge against the impact of the epidemic.
Especially when companies in other countries are unable to start operations due to the epidemic, China, with its complete industrial chain and supply chain, can still produce goods with high quality and quantity, becoming a "safe haven" in the minds of multinational companies.
1.2 Under the "double cycle" pattern, opening to the outside world is further expanded
In recent years, China has been continuously opening up the market, such as negotiating and signing more free trade agreements, reducing the negative list of foreign investment access, and strengthening the protection of intellectual property rights.
Affected by the epidemic, the globalization model that has lasted for more than 30 years is changing. Under such circumstances, China proposes to build a new development pattern in which domestic and international cycles are the mainstay and the domestic and international dual cycles promote each other, which also allows multinational companies to see massive new opportunities:
The mutual promotion of the domestic and international dual cycles means that China will further expand its opening up, which will enhance the ability of multinational companies to focus on China and “in China and for the world''. Under this structure, companies can use more resources to optimize the industrial chain and supply chain layout, and improve the company's overall operating efficiency.
Under the new dual-cycle development pattern, China's domestic market and the international market will achieve better connectivity and become a more open and resilient economy.
1.3 China should become a global innovation engine
In the eyes of some multinational companies, China's "magnetism" is no longer limited to the huge market size, but should become a global innovation engine.
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