China has done something no other major economy did in 2020.
Beating expectations with a 6.5-percent growth in the fourth quarter, China s gross domestic product (GDP) expanded 2.3 percent year on year last year, exceeding the 100-trillion-yuan (15.42 trillion U.S. dollars) threshold for the first time, official data showed Monday.
That makes China the only major economy to post growth in 2020. In the context of the unprecedented COVID-19 pandemic and recession, the good news from China is even more commendable.
The early days of 2020 were devastating for the world s second-largest economy. But after a quarter-long lull in economic activity, the resumption of business forged ahead with resolute and targeted virus containment measures in place.
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2021-01-15 09:50 By: Xinhua
A container truck pulls through the Pacific international container terminal at the Tianjin Port of north China s Tianjin Municipality, Jan. 11, 2021. (Xinhua/Zhao Zishuo)
China emerged from the global economic and trade challenges in 2020 as the world s only major economy to have registered positive growth in foreign trade in goods: spokesperson
by Xinhua writers Zheng Xin and You Zhixin
BEIJING, Jan. 14 (Xinhua) China s total goods imports and exports expanded 1.9 percent year on year to 32.16 trillion yuan (about 5 trillion U.S. dollars) in 2020, hitting a record high despite a worldwide slump in shipments, official data showed Thursday.
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