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Chinese Economy Rebounds from Early Coronavirus Pandemic Pall

VOA News

   China says it's economy grew 2.3% in 2020, recovering from the novel
   coronavirus pandemic that brought the global economy to a screeching
   halt.

   The world's second-largest economy was boosted by a 6.5% increase in
   the fourth and final quarter of the year, according to data released
   Monday by the government's statistics bureau, up sharply from the 4.9%
   increase in the previous quarter. Analystsattributethe rise to a
   continuing demand for Chinese-made products, such as face masks and
   other protective items and electronics.

   Industrial output rose 7.3% in December from a year earlier.

   The final numbers indicate China is the only nation in the world to
   avoid contraction last year as it dealt with the rapid spread of
   COVID-19, which was first detected in the central city of Wuhan in late
   2019. But it was China's weakest economic year since 1976 when the
   decade-long Cultural Revolution was coming to a disastrous end.

   China's economic rebound is all the more remarkable considering it had
   shut down all social and economic activity in an effort to contain the
   virus, which led toasteep 6.8% decline in the first months of 2020.

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