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China is in a stronger position at the beginning of 2021 than it was a year ago.
The European Union and the United Kingdom start the year afresh following the conclusion of their terms of divorce at the very last hour in December.
US corporate earnings are expected to rise by a bit more than 22 percent in 2021, after falling by some 13 percent in 2020 (based on the current outlook for as-yet unreported Q4 numbers).