China has been the country to better recover from the economic crisis of the pandemic. Its FDI increase, many trade agreements being signed and the Chinese Central Bank deciding to launch a new digital currency are some of the highlights. However, there are still challenges on the horizon and the main one is the relationship with the United States, which has hit a historic low point. Future Beijing-Washington talks, and the results of the many internal and external economic reforms will define China’s role for the next few years. The report summarizes the main finding, analysis and conclusion of the XXIII China Analysis Group Meeting, with the participation of Yan Lan, CEO of Lazard, Anna Jaguaribe, Ambassador Marcos Caramuru and Karin Vazquez.