China's GDP likely to increase by 7.5% in 2021: report

BEIJING (China Daily/ANN): The Chinese economy is likely to witness normal growth next year, as the economic effect of the Covid-19 pandemic may diminish, and the government will continuously boost domestic demand, support innovative development and improve the business environment, experts said.

The BOC Research Institute, established by Bank of China Ltd, expects China's GDP to grow by around 7.5 percent on a yearly basis in 2021, up from around 2.1 percent expected this year.