WHY ARE MULTINATIONAL COMPANIES RUSHING TO CHINA FOR MARKET OPPORTUNITIES

China is currently the worlds second-largest economy and is projected to be the largest by the year 2050 Chinas economy is growing at 2% per year and is expected to continue to grow at an average of 2% annually https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=CN&start=2003 China is now the third-largest destination for U S exports and a major market for Us goods and services, with more than $164 billion in Us goods sold in China in 2020 China is also a major source of imports to the United States, with Us imports from China totaling $450 billion in 2020. Us investors, who are bringing billions of dollars into China, are also contributing to China's rapid economic growth WHY DO MULTINATIONAL COMPANIES DESIRE TO ESTABLISH A CHINA PRESENCE? The Chinese government has made significant changes to its legal and regulatory framework to encourage foreign investment Foreign companies are now permitted to sell directly to Chinese consumers The Chinese government has streamlined the administrative procedures required of foreign investors The Chinese government has granted an increasing number of concessions and special incentives to encourage foreign investment