The world’s second-largest economy, China’s GDP is expected to grow at an annual rate of 4.8% in 2018, but that will still be down from the 6.9% growth in 2017.
The country is expected for a massive expansion of its economy in 2019, with an expected 8.5% growth rate in 2020.
China’s economy has been on a steady slide since 2016, and now the country is on track to overtake the US and France as the world’s third-largest.
China has been expanding its infrastructure for more than a decade and now boasts more than 100,000km of highways and over 100,0000km of railroads.
It has also developed a large and highly-developed electric vehicle market, which is estimated to be worth $5.3 trillion in 2020, according to the China Electric Vehicle Association.