Foreign Investment Strategist Ryan Donovan Granger Discusses Fastest Growing Markets in China 2021
For many years, China has held the title of the world’s largest manufacturing economy as well as the world’s fastest-growing consumer market. While China’s importance in international trade cannot be understated, many American’s continue to overlook the country’s markets when it comes to investing. Foreign investment strategist Ryan Donovan Granger specializes in Chinese investing and hopes to share with investors the many opportunities within the Chinese Captial Markets. As we continue to see how COVID-19 influences world markets in 2021, Ryan Donovan Granger will share with readers the fastest-growing markets in China within the past nine months.
The Online Games Industry
Within the past two years, China, along with many other countries around the world, saw a rapid increase in its online gaming industry. Thanks to the COVID-19 pandemic and social distancing orders, many civilians looked to online gaming to ease their boredom during their quarantine, which saw sales increase exponentially. Although China has shown an upward trend in their online gaming industry of close to 15.3% annual growth for the past five years, in 2020, China’s online gaming industry experienced unprecedented growth close to 25.2%. This has led many economists to change previous predictions, and today, many believe that China’s online gaming market will reach 42 billion in revenue by 2022.
Passenger Rail Transport
This year, China released its National Transport Planning Outline (2021–2035) plan to increase the national rail network to 70,000km of high-speed lines and 130,000km of conventional lines within the next fifteen years. For the past twenty years, railways have been the most used form of transportation within China; however, the industry turnover for the PRTC is likely to decrease by 41.6%. However, with China’s new National Transport Planning Outline, China’s Passenger Rail Transport is expected to experience a 55.4% increase in revenue in upcoming years.
Movie Theaters and Cinema
Before the COVID-19 pandemic, the China Movie Market was experiencing its ‘golden age’ with box office revenues growing by 5.4% to a new record of 9.2 billion dollars in sales. However, the market declined significantly in 2020 due to COVID-19 and the closing of a large number of multiplexes. However, 2021 has seen a promising recovery of the Chinese box office with a number of blockbuster hits leading many experts to believe 2021 will surpass 2019’s figures. Today, many experts believe that the China Movie Market will reach $16.5 billion by 2026, growing at a CAGR of 30.12 and up from 3.2 billion in 2020.
