A UK think tank recently issued a report about the economies of China and the US. It revealed that China will overtake the US as the largest economy by 2028. China was to achieve this milestone in 2033 as per the predictions, but it has changed as the pandemic has reduced the growth of the US economy.
In terms of the economic contribution, Beijing in China is the economic hub in the country. The tourism industry plays a major role in its economic progress. China was one of the few countries to respond to the pandemic successfully, and as a result, service apartments in Beijing Chaoyang District the likes of Ascott Riverside Garden Beijing were re-opened without holding them shut down for too long.