Financials Dec 23, 2020 12:07 PM (GMT+8) · EqualOcean
The World Bank released China Economic Bulletin: from recovery to rebalancing. The briefing predicts that China's economic growth will slow to 2% in 2020, and that the growth rate will rise to 7.9% in 2021 as consumer and business confidence increases and labor market conditions improve, economic activity will expand to private investment and consumption. At the same time, the briefing said that even if China's GDP can return to its pre epidemic level by 2021, the external environment is expected to be challenging and highly uncertain. Overcoming the recent uncertainty requires a dynamic policy framework that can be adjusted to the pace of recovery in China and the rest of the world.

This text is a result of machine translation.