China’s recovery is cause for optimism. In addition to fast-advancing technologies in finance, education, and healthcare, hot sectors for investment in the country include infrastructure development, next-generation information networks, and urbanization. Having taken the necessary measures to mitigate prolonged economic contraction, the government is pivoting towards a dual-circulation growth strategy that promotes domestic-led growth by reducing structural barriers so as to amplify export-driven growth. How will China’s companies adapt to these shifts? How can global investors participate in this period of Chinese economic growth? What challenges and pitfalls might asset owners want to look out for?