China is widely reported to be the first and only G20 economy to recover from the COVID-19 pandemic with growth in 2020. This reverses the shrinkage of its economy by 6.8 per cent in the first quarter of the year due to the initial lockdown reaction to the viral outbreak – the first on record .
Commentary: Can the world benefit from China’s economic resilience yet again? Toggle share menu
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Commentary: Can the world benefit from China’s economic resilience yet again?
China s economy has bounced back after authorities managed to largely contain the coronavirus pandemic AFP/NICOLAS ASFOURI
24 Dec 2020 07:36AM) Share this content
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SINGAPORE: China is widely reported to be the first and only G20 economy to recover from the COVID-19 pandemic with growth in 2020.
This reverses the shrinkage of its economy by 6.8 per cent in the first quarter of the year due to the initial lockdown reaction to the viral outbreak - the first on record since 1992 when quarterly GDP statistics started to be officially collected and recorded.