Economic reports out on Monday indicate that China’s economy grew by 2.3% in 2020, despite the global economic effects of the COVID-19 pandemic.
China’s economy saw a record $535 billion surplus in 2020, a 27% increase from 2019 and a 6.5% GDP spike in the fourth quarter 0f 2020, as well as record stock market gains according to CNN. The Shanghai Composite gained 0.8%, the Shenzhen Component Index rose 1.6% and Hong Kong’s Hang Seng Index grew by 1%.
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