No one knows when and how the pandemic will end. In the post-COVID-19 world, however, two things are certain: accelerated digitalization and a more confident China.
The 2008-09 global financial crisis was the first significant shift in power from the United States to China. During the current COVID-19 pandemic from 2020, China has been one of the only major economies to have posted growth and, as a result, Beijing is becoming increasingly confident that it is on an equal footing with the West.
On March 5, at the National People¡¯s Congress held in Beijing, Chinese Premier Li Keqiang announced major goals for the 14th Five-Year Plan. The centerpiece of this new plan was the development of a digital economy. The plan aims to accelerate the development of digitization and to build a ¡°digital China.¡±
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