vol.030: China's Accelerated Economic Transformation Post-COVID
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vol.030: China's Accelerated Economic Transformation Post-COVID
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This excerpt from an email newsletter titled "知らない！中国ITを深く理解するためのキーワード" (Unknown! Keywords for Deeply Understanding Chinese IT), written by IT journalist Takemaki Makino, focuses on five significant economic changes accelerating in China following the COVID-19 pandemic, based on a McKinsey & Company report titled "Fast Forward China." The report uniquely highlights shifts that were already in motion before the pandemic but were solidified and hastened by it, viewing the pandemic as an irreversible turning point rather than the sole cause of these changes. The author expands on these changes, which include accelerated digitalization, reduced foreign reliance, intensified competition, increased consumer maturity, and the growing societal influence of tech companies, using real-world examples to illustrate their impact on various sectors of the Chinese economy and suggesting potential lessons for other countries.