- Written at the year end of 2009.
It’s 2019 already, here in China. The PRC is getting ready to celebrate it’s 70th anniversary, and as usual everything is being cleaned up and made presentable. The mood is generally positive, and skies are a shade bluer in Beijing and other large cities compared to 2009, or 1999. It seems like 2009, with the world in recession and globalization itself even in question, was a long time ago. Looking back, the attitudes in that period seem a bit strange- such as talk of deflation, with the world just now getting over another major run of inflation. Hindsight certainly helps.
Many things are quite different since 2009, but others very similar. Let’s take a brief look at how things stand now, especially in comparison to that period 10 years ago. We’ll look at this in four areas: the economy, political risk, foreign companies in China, and key trends. We’ll skip anything cultural, sporting, etc. After all, we know what has happened, some of which - like Brazil and Germany winning recent World Cups- one did not need a crystal ball to predict.