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In China, industry and consumption have turned the page on Covid-19

2020-12-15T18:04:34.495Z

The second world power confirms its exit from the crisis and accelerates its rise to power. The Covid-19 crisis? China is suffering it, of course. The pandemic was born there, in Wuhan, a year ago. And its GDP growth is expected to be limited to 1.9% in 2020, instead of the 5.8% expected previously. But the epidemic does not prevent Beijing from widening the gap with other economic powers, or even accelerating the progression of its influence on the world market. The Chinese economy con



The Covid-19 crisis?

China is suffering it, of course.

The pandemic was born there, in Wuhan, a year ago.

And its GDP growth is expected to be limited to 1.9% in 2020, instead of the 5.8% expected previously.

But the epidemic does not prevent Beijing from widening the gap with other economic powers, or even accelerating the progression of its influence on the world market.

The Chinese economy continues to rebound when the other G20 countries experience a recession this year.

Week to week, the data shows the resistance and even the dynamism of the Middle Empire.

On Tuesday, Beijing announced that in November, retail sales were up 5.2%, driven by automobiles (+ 11.8%) and communications equipment (+ 43.6%).

Also in November, industrial production posted its strongest growth in twenty months.

Up 7% compared to 2019, it is benefiting from the recovery in Chinese consumption and the easing of restrictions among

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Source: lefigaro

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