China has a good chance of doubling GDP by 2035, says Bank of America

China was one of the few economies globally that grew in 2020 despite the challenges posed by the Covid-19 pandemic. Official data showed the Chinese economy expanding by 2.3% last year, and the International Monetary Fund has forecast an 8.1% growth for China this year.

Meanwhile, the U.S. economy contracted by 3.5% in 2020, latest government estimates showed. The IMF said the U.S. economy could grow by 5.1% this year.

Concerns about China’s growth

Source link


Please enter your comment!
Please enter your name here