From being the first country where the Covid-19 virus was detected, China is poised to become the only major economy in the world to grow in 2020. China’s gross domestic product (GDP) expanded 4.9% in the July-September quarter. , according to statistics published by the country’s National Statistics Office. Given …
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China’s economic growth accelerated to 4.9% from a year earlier in the latest quarter as an unstable recovery from the coronavirus pandemic strengthened. Factory output increased, driven by global demand for masks and other medical supplies, while retail spending returned to pre-virus levels for the first time, government data showed. …
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China’s production is expected to exceed 2019 levels this year The Covid-19 pandemic will produce lasting changes in global growth, pushing China even further to the forefront. The share of global growth coming from China is expected to rise from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg …
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