China s growth to boost world economic recovery Xinhua | Updated: 2020-12-18 14:26 Aerial photo taken on Oct 15, 2019, shows a view of the Lujiazui area in Shanghai. [Photo/Xinhua]
BEIJING - As the year is drawing to a close, China s economic rebound from COVID-19 is gathering pace as mirrored by improvements in key growth figures, which, for many market watchers, are a boon for the world economy still scrambling to shake off the severest recession in nearly a century.
In the latest World Economic Outlook, the International Monetary Fund (IMF) projected China s economy to grow by 1.9 percent in 2020, 0.9 percentage points above its June forecast, making China the only major economy that will see positive growth this year.
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