China has the second-largest economy and is on pace to become the largest economy by 2030. This is important because, for this to become a reality, China cannot rely on its economy for the massive growth needed, but instead look to the west to expand its market power and resources. The fastest way to achieve this transition is through their tech sector. Tech has made it ever so possible to reach the other side of the world without having physical locations to sell goods or services. A brand-new sector has now bloomed with different applications that provide different services such as Netflix, Facebook, and YouTube; these apps also provide platforms for people to interact and share their creations. Due to the accumulation of users on the apps companies have been able to scale internationally to become billion-dollar enterprises. The rise of application platforms has not just occurred in the west but has also bloomed in China. Apps such as WeChat, QQ, and TikTok have virtually taken over the everyday life of Chinese citizens and have now begun to expand their footprint into North America and Europe.
