September 27, 2021

China proves powerhouse of global post-pandemic recovery

Madrid: The sheer weight of China in world economy and recent reports of national growth rates have proved again that China is leading the global recovery from impacts of COVID-19, economic analysts have said.

“China is a key player on the world stage” who has “an increasingly active presence” in the wake of the pandemic, said Ramon Gascon, a professor at the EAE Business School of Spain, in a recent interview with Xinhua.

In the first half of 2021, China’s gross domestic product (GDP) jumped 12.7 percent from a year earlier as factories resumed production and people restarted their traveling in China, data from the National Bureau of Statistics showed.

The country remains an economic pillar to the world in terms of its purchasing power and a burgeoning consumers market, said Joseph Revilla Escudero, a New Zealand-based economist.

The World Bank estimated in 2020 that China’s GDP per…

Read full article here: