China, where the coronavirus first emerged last year in the city of Wuhan, is also the first country to recover from business shutdowns imposed in an effort to control the outbreak. More than 4,600 people have died from Covid-19 in China.

While the death toll tops 100,000 in the U.S., The hardest-hit country in the world. The virus that caused a global pandemic has infected well over 6 million people worldwide.

According to the latest International Monetary Fund projections, China is set to grow just over 1% in 2020, while the U.S. economy will likely contract nearly 6% this year — worse than the global 3% decline in growth.

“Globalization itself is going to survive. It’s going to be adjusted around some of these issues especially the tech,” said Walter Lohman, director of the Asian Studies Center at The Heritage Foundation, from which the Trump administration has drawn many of its staff.

“People are still going to want to invest in China for the China market,” he said in a phone call. “We’ve been talking about it for 100 years. It’s here now and there are companies that want to access it. China isn’t the worst place to do business. Even on the transparency side it’s kind of in the middle.”

For the first time in about two decades, the world’s second-largest economy did not to set an annual GDP target at its latest parliamentary meeting. Instead, authorities set targets for items such as unemployment. Many economists said removing the target will hopefully improve the quality of growth, and predict the economy could expand by about 1% to 3% this year.

Geopolitical tensions and the coronavirus have stalled foreign direct investment into China. But companies have vested interests that are unlikely to change quickly. Analysts from research firm Gavekal Dragonomics said in a report in August that in 2016, American business sales in China topped $450 billion, while the Chinese sales in the U.S. were less than $50 billion.

“The signals in all of our communications and interactions with government is they are welcoming to American business in China, and really making it a point to ensure that whether it be related to subsidies or other types of support that they are supportive,” Alan Beebe, president of the American Chamber of Commerce in China, told reporters on Friday morning. “That’s been a pretty consistent trend that we’ve noticed this year.”

Beebe also noted the Chinese government has asked for the chamber’s support in recommending to policymakers effective ways that stimulus can be efficiently channeled to small- and medium-sized companies.