China’s GDP growth in 2020 a ‘truly hard-won outcome’, says Premier Li Keqiang
- China posted 2.3 per cent gross domestic product growth in 2020 despite a steep slump in the first quarter due to the coronavirus shock
- Premier Li Keqiang also told a webinar on Wednesday that Beijing remained committed to its relationship with Britain despite recent tensions
China’s Premier Li Keqiang believes the global economy faces “many uncertainties and destabilising factors” as it battles the coronavirus pandemic, while also insisting Beijing remains committed to its relationship with Britain despite recent tensions.
Li said China will “maintain continuity, consistency and predictability” in its macro policies and “execute them in a thoughtful and targeted manner, to keep major economic indicators in a proper range” while speaking on a webinar co-hosted by the China Chamber of Commerce in the UK on Wednesday.
China posted 2.3 per cent gross domestic product growth in 2020 despite a steep slump in the first quarter due to the coronavirus shock, becoming the only major economy to avoid a contraction last year.
This by the way is what you call a real V-shaped curve.
