Chinese economic indicators should be fine in 2021. Whether it is domestic demand, exports or investments, analysts believe that the rebound recorded in March will be confirmed and continue for a good part of next year .
Investment banks and international organizations (IMF, World Bank) forecast Chinese GDP growth of around 8% in 2021 after 2% this year, widening the gap with the rest of the world.
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“The Chinese economy will continue to recover in 2021, driven by investment and consumption. Exports could be a good surprise, ”
said Wang Tao, China economist for UBS.
As the threat of a second wave seems to have passed completely in the Middle Kingdom, consumers are once again flocking to malls, boutiques and restaurants.
Retail sales were up 5% in November.
The Chinese economy should also benefit from a rebound
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