China’s power consumption in 2020 rose 3.1% from the previous year, the country’s state planner said on Tuesday, despite several months of disruptions to industrial activity caused by the coronavirus outbreak. The National Development and Reform Commission (NDRC) said at a press briefing that electricity consumption from primary industry grew 10.2% from 2019, while consumption .
China’s grain output set a new record in 2020 with a yearly growth of 0.9 percent despite the coronavirus-related impacts to the general economy, according to data released by the National Bureau of Statistics on Monday.
Beijing [China], January 18 (ANI): China has recorded the lowest economic growth in four decades as it grew by 2.3 per cent according to the latest data provided by the National Bureau of Statistics on Monday.
SOURCE / ECONOMY By Global Times Published: Jan 18, 2021 12:56 PM Updated: Jan 18, 2021 03:02 PM
Investors are seen at a stock trading hall in east China s Shanghai. File photo: Xinhua/Zhuang Yi
Chinese stock boards surged on Monday, bouncing back into the green from red territory following upbeat news of the Chinese economy s 2.3 percent growth in 2020, which made China the only major economy in the world to achieve positive growth in a year afflicted by the coronavirus outbreak.
By the end of the close session, the Shanghai Composite Index rose by 0.84 percent to 3,596.22 points; the Shenzhen Component Index rose by 1.58 percent to 15,269.27 points, while the tech-heavy ChiNext board rose by 1.92 percent to 3,149.20 points.
La Nouvelle Tribune
BEIJINGâChinaâs 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.
Chinaâs ability to expand, even as the world struggled to control a deadly virus that has killed more than two million people, underscores the countryâs success in largely taming the coronavirus within its borders and further cements its place as the dominant economy in Asia.
Chinaâs growth makes it an outlier among large economies. The World Bank expects the U.S. economy to contract by 3.6% this year and the eurozoneâs to shrink by 7.4% in 2020, contributing to a global economic pullback of 4.3%.