China’s economy expanded by 2.3% in 2020, roaring back from a historic contraction in the early months of the year to become the only major world economy to grow in what was a pandemic-ravaged year.
China’s ability to expand, even as the world struggled to control a deadly virus that has killed more than two million people, underscores the country’s success in largely taming the coronavirus within its borders and further cements its place as the dominant economy in Asia.
Note EU-Digest: On Monday, China reported a year-on-year increase of 6.5% for the fourth quarter of 2020 and a 2.3% increase for all of 2020, surpassing analysts' forecasts and making China the the only major economy to log positive growth in 2020.Fortune magazine predicts that financial experts believe that China's economy will overtake that of the US somewhere between 2026 and 2029.
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China Is the Only Major Economy to Report Economic Growth for 2020 - WSJ
