The Chinese economy is one of the fastest-growing economies of the world, even with the slowdown in its economy it is still doing way better than most of the economies in the world, but that is not just enough for competitive China, and it is already making new moves to promote the growth of the economy.
China will be promoting businesses with new laws, which will make it easier to start and run a business in China. These new laws will be implemented from January 1st of the year 2020. It is the world’s world’s second-largest economy and has been making efforts to become the first largest, and the slowdown in its GDP this year has set it back a year or two in development, which is not what China wanted. The new policies will guarantee equal market access and protect fair competition in the market. They also promise to strengthen existing protections under the law. China will be setting up a new system to assess the damages that are caused due to infringements on intellectual property. Intellectual property is a crucial aspect of innovation and the smooth running of a business, and this has been China’s China’s upper hand in almost all the negotiations between China and the United States.
We expect the Chinese nation to make the proper changes needed for rapid growth as this will increase the pressure on other economies to do better and hence aid the world economic growth that has been sliding down.
Tags : Chinese economy, GDP, United States,