For decades, China fueled global growth, with annual GDP growth exceeding 7% from 2010 to 2020 and policies that actively encouraged multinational corporations (MNCs) to invest an estimated $3 trillion in China. Today, however, the landscape has shifted. Economic activity is slowing, local competition is intensifying, and geopolitical risks—including the potential impact of a second Trump administration’s trade policies—are creating new uncertainties.
