{"id":2773,"date":"2021-01-18T23:54:49","date_gmt":"2021-01-18T23:54:49","guid":{"rendered":"https:\/\/businessner.com\/?p=2773"},"modified":"2021-01-19T00:01:36","modified_gmt":"2021-01-19T00:01:36","slug":"china-shows-quick-economic-recovery-as-gdp-grows-by-2-3-in-2020","status":"publish","type":"post","link":"https:\/\/businessner.com\/china-shows-quick-economic-recovery-as-gdp-grows-by-2-3-in-2020\/","title":{"rendered":"China Shows Quick Economic Recovery as GDP Grows by 2.3% in 2020"},"content":{"rendered":"
While other major economies are feeling slumps in economic performance due to the coronavirus pandemic, China was able to bounce back a year after Covid-19 started to spread in their country.<\/p>\n
China\u2019s National Bureau of Statistics on Monday reported<\/a> a strong 6.5 percent growth in the last three months of 2020 which is an improvement from the 4.9 percent growth posted in the previous quarter.<\/p>\n The improved Chinese economy in the second half of 2020 helped China post an overall 2.3 percent GDP growth in 2020 as many businesses and consumers resumed work after closures were issued earlier in the year to stem out the early spread of the infection.<\/p>\n As many major economies in Europe, North America, and Asia continue to struggle in controlling the spread of Covid-19 in their countries, China\u2019s economy expanded last year making them the only major economy reporting positive growth as many factories and businesses remained open.<\/p>\n The world\u2019s second-largest economy has recovered quickly in the second-half of 2020 even with continuing economic tensions with the United States that has unleashed a barrage of trade blacklists among big businesses, particularly from the Tech sector.<\/p>\n