CONF: China 2020 GDP may grow 2% on year with conditions
Nov 12, 2020 10:15
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China’s gross domestic product (GDP) may grow 2% on year for the whole 2020 should the growth for the fourth quarter approximate 6.1% on the condition that “favourable factors will outweigh the adverse ones”, Meng Chun, researcher from China’s Development Research Center of the State Council shared at the 2020 National Steel Scrap Conference on November 12 in Haikou, South China’s Hainan.
Among the positive factors in China’s economy are that the country has gradually picked up in pace in its economic growth with the continuing improvement in industrial production, consumption especially in auto sales, he noted, adding that China’s consumer goods retails value scored the first positive on-year gain for this