2020 was a milestone year for China as it emerged from the COVID-19 stronger and more confident. The momentous shifts which occurred in 2020 will impact China and its global status and relations for the years to come. The new dual circulation policy and the up-coming 5-year plans how the commitment of China to develop both its domestic market and its domestic industry. While China remains open to FDI, the pressure for foreign companies to perform and compete locally is increasing rapidly.