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With the spread of the US-China trade war, the development and business opportunities of Vietnam's industrial manufacturing have been accelerated. In recent years, Vietnam’s economic situation has performed well. In 2018, Vietnam’s average national income per capita reached US$2,590, an increase of US$200 from 2017 and 1.23 times that of 2015. The Vietnamese government is working hard to promote the development of the manufacturing market and set the goal of becoming an industrial power.
In terms of 2019 data, India is the world's 10th largest machine tool producer and the world's 8th largest machine tool consumer. The Indian government has set a target for India’s manufacturing output value to account for 25% of GDP by 2025. Together with the prime minister’s active promotion of "Made in India", it will bring a huge boost to the demand for machine tools in India. The Indian machine tool market still has considerable development potential, and the Indian manufacturing market is rising rapidly.
In the past, excessive consumption, wanton mining, indiscrete manufacturing, and careless abandonment of wastes, led to the rapid depletion of natural resources. Now, the pursuit of a circular economy, with the goal of zero waste through recycling of resources, is being implemented in an attempt to solve environmental problems.
The NFT market is growing explosively. In January 2021 alone, the transaction volume of NFTs reached a high of 200 million US dollars, compared with 250 million US dollars for the whole year of 2020.
In recent years, Taiwanese businessmen have been working hard to expand into emerging markets, and have gradually begun to pay attention to the African market because of its huge market potential. However, the epidemic hit Africa's economic development hard, and there are still huge numbers of poverty-stricken people.
Latin America and the Caribbean (LAC) will resume economic growth in 2022, after contracting by 6.7% in all countries due to the effects of the pandemic last year. The recession caused by the epidemic will take years to recover from, and those living in poverty will continue to be the most affected.
Latin America not only has vast territory, rich natural resources, sufficient consumption capacity, and market potential but also has successfully promoted regional economic integration over the years. Latin American investment and trade opportunities should not be underestimated.
The main goal of RCEP is to integrate the existing ASEAN+1FTA and add new regulatory rules, such as e-commerce, telecommunications services, etc., to establish unified trade rules for Asia-Pacific countries.
The green economy is a necessary trend for the global status quo. Governments must also fundamentally reform their policies. It is not easy to achieve this goal, but if we want to move towards sustainable development, the green economy will become key.
The Gig economy is closely related to the platform economy. People can use various types of online platforms to quickly match jobs in real-time so that the types of jobs covered by the gig economy platform are more diversified and the gig workers can develop rapidly.
MERCOSUR will strengthen mutually beneficial cooperation among members in the post-epidemic era, to achieve the goals of expanding export markets, consolidating industrial development, attracting foreign investment, creating employment opportunities, and revitalizing the economy.
With the promotion of China's One Belt One Road policy, Central Asia, located in southern Russia, has become the focus of future economic development.
Bioeconomy has attracted widespread attention. Bioeconomy is an economic form based on biological resources and biotechnology and based on the market operation of biotechnology products.
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