World Bank: China's growth to pick up at 7.9 per cent in 2021

City view of Shanghai, China's financial capital. - IC

BEIJING: (China Daily/ANN): China's economy is expected to expand by 7.9 per cent in 2021, nearly double the global growth rate predicted for the year, the World Bank said in its forecast on Tuesday (Jan 5).

"Growth in China is projected to accelerate to 7.9 per cent this year—1 percentage point above the June forecast—reflecting the release of pent-up demand and a quicker-than-expected resumption of production and exports," the 189-member global lender said in a statement at the release of the 2021 Global Economic Prospects.