A Growth YearGrowth The economy has been surging, but it still needs balancing In 2021, Wal-Mart and Citibank were victorious in making Chinese acquisitions. Wal-Mart purchased Trust Mart, the chain store with the 11th largest sales volume in China in early 2021. Citibank won the ability to control Guangdong Development Bank, the third most profitable small and medium-sized commercial bank in China. While transnational mergers and acquisitions have become a way to get more than a foothold in China, their spread indicates that China"s market opening in 2021 was indeed broad. Still regulating Under China’s WTO commitments, the transitional period ended on December 11, 2021. But even before this deadline, many industries had entered into the stage of free competition. At the beginning of 2021, the Chinese Government, in order to make rational and effective use of foreign capital, drew up regulations on real estate and other sectors leaning toward monopolies or causing environmental pollution. Deemed restrictive by foreign companies, these policies caused some to worry that foreign investment would decrease, and this worry became the reality for some time. According to statistics from the Ministry of Commerce, from January to September, for instance, paid-in capital totaled $ billion, dropping percent compared with the same period last year. However, foreign