China's economy recovers globally despite corona outbreak | News Hub

   China has taken effective measures to eradicate the Corona epidemic, social development, and the economy, News

   BEIJING (News Hub update news) China's economy has recovered despite the Corona epidemic, commodity prices are stable, and China has taken effective measures to revive the Corona epidemic, social development, and the economy.

   Why can China revive its economy according to the details? Despite difficulties in 2020, China has revived its economy.

   Will China be able to sustain its growth and economy this year? This question is of interest to many. 

   Demand for production in China continues to rise in the first two months of this year, commodity prices are stable, markets are improving, and growth and economic recovery are maintained, according to official Chinese data. Overall, China's economy is on track to recover.

   The recovery of China's economy shows that long-term fundamentals in China have not changed, and since the second quarter of last year, China has taken effective measures to recover from the epidemic, social development, and economic recovery. In addition, major economies around the world are recovering due to vaccination and China's exports are increasing.

   For example, in January and February, China's exports increased by more than 40% compared to the same period last year, while exports to the United States increased by 70%.

   This shows that China is playing an important role in reviving its economy as well as the global economy. The pace of innovation in China's economic recovery is constantly evolving.

   The Chinese government has set an economic growth target of 6% this year. Michael Hesson, head of business for China and Northeast Asia under the Eurasia Group, said the goal is not difficult for China, but it shows that China exceeds the standard of development. That's the decent thing to do.