China is the only major economy that grew in 2020, but without the global COVID-19 context it was a disaster, and the long-term damage is still unclear. As Beijing prepares to unveil a new five-year economic plan, businesses will be bombarded with contradictory signals in 2021.
Business in Indonesia will be dominated by two issues. The continuing COVID-19 pandemic and the recently passed jobs law. Chinese investors will find Indonesia’s market much friendlier, while non-Chinese investors will increasingly be judged by the standards of their Chinese counterparts.
Vietnam’s positive economic growth picture, impressively sustained through the COVID-19 pandemic, and the pro-FDI dispositions of almost all senior leaders is retained through its five-yearly leadership transition. The investment outlook remains strong in 2021.
In 2021 two areas will be critical for business in India: the country will remain a battleground for global technology and telecom companies, and climate change will grow in importance in investment decisions.