Within the next several years, China's economy is projected to grow at a rate of 19% of global GDP (GDP) by 2024, outpacing that of the United States and Europe as a whole. The country's resiliency can be attributed to the favorable macroeconomic climate and top-down focus on macroeconomic demand, which has resulted in economic liberalization and investment in research, technology, and innovation. The growing global prominence of China has fueled investors' appetite for exposure to these prospects.