China Is Only Major World Economy To Report Growth in 2020
- 3 years ago
China Is Only Major
World Economy , To Report Growth in 2020.
The Associated Press reports that
China's economy grew by close
to two percent last year.
While China's economy
experienced the lowest
growth in 2020 since the 1990s, .
it was the only major economy
in the world that did not shrink
due to the coronavirus pandemic.
China shut down its economy almost immediately
following the outbreak of the pandemic in Wuhan,
a city of more than 11 million people.
This seems to have allowed
the country to reopen its
economy sooner and more fully.
China economists are tentative
in their assessments of the news, .
saying that "it is too early to conclude
that this is a full recovery.”
World Economy , To Report Growth in 2020.
The Associated Press reports that
China's economy grew by close
to two percent last year.
While China's economy
experienced the lowest
growth in 2020 since the 1990s, .
it was the only major economy
in the world that did not shrink
due to the coronavirus pandemic.
China shut down its economy almost immediately
following the outbreak of the pandemic in Wuhan,
a city of more than 11 million people.
This seems to have allowed
the country to reopen its
economy sooner and more fully.
China economists are tentative
in their assessments of the news, .
saying that "it is too early to conclude
that this is a full recovery.”