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By Dan Steinbock | China Daily | Updated: 2021-04-20 07:50 Share CLOSE A staff member works in a workshop of a vehicle wheel hub manufacturer in Yutian county of Tangshan city, North China s Hebei province, April 16, 2021. [Photo/Xinhua] In the first quarter of 2020, China s economy contracted by 6.8 percent because of the impact of the novel coronavirus pandemic. In the West, it was widely seen as the end of China s growth story . But in contrast to that popular perception, in early February 2020, I predicted a relative decline in new COVID-19 infections in China and the beginning of the country s economic rebound in the second quarter. Indeed, following the 6.5 percent economic growth in the fourth quarter of 2020, the GDP increased a record 18.3 percent year-on-year in the first quarter of this year.

United statesMacau generalPaul krugmanGuangdong hong kongRegional comprehensive economic partnershipNorth chinaFive year planGuangdong hong kong macao greater baySoutheast asiaRegional comprehensive economicஒன்றுபட்டது மாநிலங்களில்மக்காவு ஜநரல்குவாங்டாங் ஹாங் காங்பிராந்திய விரிவான பொருளாதார கூட்டுவடக்கு சீனாஐந்து ஆண்டு திட்டம்