Zooming into China's economy in 2020 beneath headline growth

Zooming into China's economy in 2020 beneath headline growth

With a strong rebound in the fourth quarter, China ended 2020 with a full-year expansion of 2.3 percent, becoming the only major economy to achieve positive growth in the pandemic-ravaged year.

Macro

China's 2020 FDI hits record high amid recovering economy

China's 2020 FDI hits record high amid recovering economy

In a year ravaged by the COVID-19 epidemic, China has managed to overcome challenges and maintain its appeal to foreign investors, official data showed Wednesday.

In-depth

Financials

China's central SOEs report rising profits in 2020 amid reforms

China's central SOEs report rising profits in 2020 amid reforms

Despite disruptions due to the COVID-19 epidemic, China's centrally-administered SOEs reported profit growth in 2020 amid reforms to make their operations more efficient.

Creating economic milestone with people-first approach

Creating economic milestone with people-first approach

In the face of a pandemic unseen in the last 100 years, China's GDP exceeded the 100-trillion-yuan threshold in 2020 and is expected to be the only major economy to post positive growth.

China's offshore service outsourcing business tops 100 bln dollars

China's offshore service outsourcing business tops 100 bln dollars

The executed contract value of China's offshore service outsourcing business stood at 105.78 billion U.S. dollars in 2020, crossing the threshold of 100 billion dollars for the first time.

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