The Evolution: Trends From China For The Offshore Industry

China has experienced extraordinary growth over the last 20 years, becoming the second largest economy in the world – with some metrics granting China number one status ahead of the United States. While the Chinese economy has undoubtedly slowed in the last two years, it still proceeds at levels that would be the envy of many Western nations.

Under the leadership of Xi Jinping, China is adopting a new growth model, one that involves opening up further to the rest of the world. This model encourages private investment, with a greater focus on domestic consumption, while improving consumer and environmental protections, a greater respect for laws and less governmental interference in the market.