The only economy realizing a positive growth in the world in 2020

China continues to be the only major economy in the world to show positive growth last year as its gross domestic product is predicted to expand 1.9 percent in 2020, according to the latest economic outlook released by the International Monetary Fund.

The output in both advanced economies and emerging and developing economies last year is forecast to remain below 2019 levels even next year, except for China, according to the report.

A new economic pattern in China known as “dual circulation” – domestic and international, promoting each other, with domestic circulation as the main body, helps maintain the quality of development of China’s economy.

Adding to this positive economic outlook is the long-awaited Regional Comprehensive Economic Partnership, covering nearly a third of the global population and about 30 percent of global GDP, was signed by its 15 member countries, including China and Japan, in Hanoi, Vietnam on November 15.

Source: https://news.cgtn.com/news/2020-12-28/Top-10-China-news-stories-selected-by-China-Media-Group-in-2020-WAAmx9ClAQ/index.html

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