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China says it’s economy grew 2.3% in 2020, recovering from the novel coronavirus pandemic that brought the global economy to a screeching halt.
The world’s second-largest economy was boosted by a 6.5% increase in the fourth and final quarter of the year, according to data released Monday by the government’s statistics bureau, up sharply from the 4.9% increase in the previous quarter. Analysts attribute the rise to a continuing demand for Chinese-made products, such as face masks and other protective items and electronics.
Industrial output rose 7.3% in December from a year earlier.
The final
Prime Minister Boris Johnson and finance minister Rishi Sunak will ask 30 business leaders on Monday for their thoughts on economic policy, part of efforts to explore ways of boosting growth in. | January 19, 2021