Driven by government spending, strong exports, and a low rate of new COVID-19 infections since March, China is forecast to grow by 2.0 percent in 2020, said the World Bank in its October update. Being the only major economy projected to achieve positive growth this year, China surpassed the United States to become the top trading partner of the European Union (EU) in the first seven months of 2020, according to Eurostat.
