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Economically, 2019 faced both challenges and growth. Global markets were influenced by trade tensions, particularly between the United States and China. However, despite the turbulence, many sectors showed resilience and signs of growth. Emerging markets were increasingly defined by innovations—as startups flourished, particularly in fintech, healthcare, and sustainability sectors. This volatility and potential for breakthrough led analysts to predict robust growth in certain industries, capturing the sense of opportunity reflected in our percentage theme.


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China has become a powerhouse in the production of new Chinese EV models, which has had a global impact on the cost and availability of electric vehicles. Chinese automakers, such as BYD and Li Auto, have leveraged government support and economies of scale to produce new energy cars at competitive prices. These vehicles often come equipped with advanced EV power solutions at a fraction of the cost of their Western counterparts. As more new Chinese EV models enter the global market, the competition will drive down prices further, making electric cars more accessible to a broader audience.

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