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Why is China is growing fast?

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ANJU M.J.

| Updated on June 30, 2021 | others

Why is China is growing fast?

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@riyakumari8997 | Posted on June 30, 2021

According to economic data, China logged 2.3 percent growth for 2020, becoming the only major economy that grew during a year in this pandemic. Its gross domestic product rose 6.5 percent during the fourth quarter of 2020, exceeding the 6 percent pace at the end of 2019. Also, GDP surpassed a milestone in 2020, topping about $15 trillion. It is shocking that in this coronavirus pandemic where countries are losing their economy and development projects, China is achieving the best economic condition and growing well.

 

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