More bad news for China suffering from Corona

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New Delhi, 31 March 2020 Tuesday

The World Bank has given another jolt to China, which is facing Corona troubles. The World Bank estimates that the economic slowdown in other eastern countries, China, is likely to be very slow due to the Corona epidemic. Millions of people will move closer to poverty. The bank expressed skepticism in a report released Monday.

The growth rate this year may be 2.1 percent

According to the report, the growth rate in the region this year could be 2.1 percent, which was 5.8 in 2019. The bank estimates that more than 1.1 million people will fall below the poverty line. This estimate is contrary to previous estimates.

It was said that this year the growth rate will be sufficient and 3.5 crore people will rise above the poverty line. It said that China's growth rate will decline from 6.1 last year to 2.3.

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