China's contribution to global growth "infinite" amid global recession: veteran China watcher

WASHINGTON, July 17 (Xinhua) -- China is "leading the way" as it is the first major economy to show any sign of recovery, said a veteran China watcher, noting that China's contribution to global growth is "infinite" amid a COVID-19-induced global recession.

With positive growth this year, followed by a more robust recovery next year, the Chinese economy at the end of 2021 could be 10 percent bigger than it was in 2019, Nicholas Lardy, a senior fellow at Washington D.C.-based think tank the Peterson Institute for International Economics (PIIE), told Xinhua in a phone interview on Thursday.