International business
by Michael Mankins and Jason Ding
March 3, 2025
HBR Staff/Kwun Kau Tam/Getty Images
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Summary.
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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.
Read more on International business or related topics Competitive strategy and Strategy
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Read more on International business or related topics Competitive strategy and Strategy