China’s strong economic performance good sign for global recovery

25 January, 2021 12:00 AM printer

SINGAPORE: China managed to control the COVID-19 early on, and register a positive economic growth in 2020, which are good signs for global economy, a scholar said here in a recent interview with Xinhua.

“It is quite a performance in such a difficult year,” said Cai Daolu, a visiting senior fellow of the National University of Singapore Business School, when commenting on the data that China registered a 2.3 percent GDP growth in 2020 and became the only major economy that recorded a positive growth in the year amid the pandemic, report agencies.

China’s strong economic performance in 2020 has been translated into two important features, namely “a stable labor market.”