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.
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.
Beating expectations with a 6.5-percent growth in the fourth quarter, China's GDP expanded 2.3 percent year on year last year, exceeding the 100-trillion-yuan threshold for the first time, official data showed Monday.more
Over the past years, China has shortened negative lists for market access, attracting more international brands to enter the world's largest consumer market.more
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.
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.
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.