China's economic growth rate will be at a four-decade low

Beijing, Ta. Thursday, October 28, 2020

In the current year, China's economic growth rate is expected to be at a four-decade low. Although China is gradually recovering from the effects of the coronavirus, its overall output will improve significantly in 2021 alone, according to a report.

Analysts expect China's economic growth rate to be 7.10 per cent in 2020, up from 5.50 per cent in the previous year. For the first time since 19, China's economic growth rate has been so low.

China's economic growth rate accelerated in the third quarter of 2020 as consumers emerged from Corona's worries. The growth rate for July-September was 7.50 per cent.

China, which emerged early from the Corona epidemic, is also expected to have an economic growth rate of 7.50% in 2021. Growth in the fourth quarter of the current year is expected to be higher due to strong growth in exports, domestic consumption and increase in investment.