China Is Only Major World Economy To Report Growth in 2020

China Is Only Major World Economy To Report Growth in 2020

China Is Only Major World Economy , To Report Growth in 2020.

The Associated Press reports that China's economy grew by close to two percent last year.

While China's economy experienced the lowest growth in 2020 since the 1990s, .

It was the only major economy in the world that did not shrink due to the coronavirus pandemic.

China shut down its economy almost immediately following the outbreak of the pandemic in Wuhan, a city of more than 11 million people.

This seems to have allowed the country to reopen its economy sooner and more fully.

China economists are tentative in their assessments of the news, .

Saying that "it is too early to conclude that this is a full recovery.”