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China's economy holds 'real potential' in 2024, think tank predicts upbeat 5.3% GDP growth

Chinese Academy of Sciences expects China’s economy to grow by 5.3 per cent this year, compared to a 4.5 per cent projection by the World Bank. ....

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Coronavirus could cost China $556b in 2021, but its economy is still expected to grow

March 02, 2021
A walks by Beijing s Central Business District during morning rush hour as the spread of the new coronavirus disease (Covid-19) continues in China, April 17, 2020,
Reuters
The coronavirus pandemic could cost China the equivalent of 2.7 per cent of its gross domestic product this year, although the economy may still grow by over 8 per cent, according to a new study by Chinese and American researchers.
The industrial and processing sectors are likely to bear the brunt of the impact, with coal, ore, metal, electricity, gas and food producers expected to see the value of their output fall by between 2.8 and 5.4 per cent, said the team from the Chinese Academy of Sciences’ Centre for Forecasting Science and the University of Kansas. ....

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