Year-ender: How multinational execs view China's economy in 2020

1. How do you view China's economic performance in 2020 amid the COVID-19 pandemic?

No doubt China has taken the lead in economic performance in 2020 in spite of the pandemic. While most of the countries still suffer from higher infection and death rates, China has served as the economic engine for the world under the successful control of COVID-19.

2. How do you evaluate the Chinese government's efforts in epidemic prevention and control?

Chinese government has been exercising stringent control throughout the country to minimize potential outbreaks of COVID-19. Apparently, the efforts have paid off and allowed China to get back to more normalized working and living conditions.

3. What are your comments on China's improvement of its business environment this year?

To revive the economy after the shutdown early this year, the Chinese government continued to improve the business environment for domestic as well as international firms in China. In addition, many new policies and bold steps were immediately established to help businesses to survive in the economic downturn.

4. What are your expectations for China's further reform and opening-up?

We are optimistic China will continue to reform and open up to retain domestic businesses and attract foreign businesses. In recent months, foreign capital has been pouring into the China stock market. This indicates the confidence of international investors on China.

5. How do you view your company and the industry's performance in China this year?

Due to the pandemic, it was difficult for our company to execute China outbound merger and acquisition deals in 2020. This was true for most of the cross-border M&A firms in various parts of the world. However, we have been approached to work on deals related to China's domestic market, including a Cayman company to build AMOLED manufacturing facilities in China.

6. Do you plan to deepen your company's footprint in China next year? If so, how?

We will continue to service Chinese companies' outbound M&A needs. So far, most of our clients are from the Yangtze River Delta and Beijing area. We hope to enhance our service to the southern territory including Guangdong and Fujian provinces.