Promoting US-China Friendship | California USA
![Customers shop at the SKP Beijing department store [Wang Shiqiang-China Daily]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2021/02/Customers-shop-at-the-SKP-Beijing-department-store-Wang-Shiqiang-China-Daily.jpg?resize=525%2C351&ssl=1)
Creative thinking appeals to customers during pandemic. Chen Miao, a 28-year-old bank clerk in Beijing, found to her surprise that her spending last year was double that of the previous year, despite the COVID-19 pandemic keeping her home for almost five months. “I didn’t have any major new expenses, such as rent or paying for a car, last year,” she said. Continue reading “China Shopping centers open door to innovation”
![High-rise buildings are seen in Shanghai. [Photo-Sipa]](https://i0.wp.com/usachinatrading.com/wp-content/uploads/2021/02/High-rise-buildings-are-seen-in-Shanghai.-Photo-Sipa.jpg?resize=525%2C350&ssl=1)
We at Deutsche Bank Research have revised up our 2021 GDP forecast for China from the previous 9.5 percent to 10 percent, because the stronger growth momentum in the fourth quarter of 2020 will likely continue in the first half of 2021, and the “blue sweep” in the US election will likely lead to stronger external demand. Continue reading “China’s long-term growth to benefit global economy”