economy, which is expected to shrink by 4.3% in 2020. The International Monetary Fund (IMF) predicts China will be the only major economy to grow in 2020, with projected real GDP growth of about 1.9% for the year. China's economic growth in 2020 is attributed to its ability to meet the world's demand for medical equipment, electronics, and other items needed during the pandemic.
After reopening its factories, China's growth rebounded dramatically the International Monetary Fund (IMF) predicts China will be the only major world economy to experience growth in 2020.In 2020, China started the year with a historic GDP decline of 6.8% caused by the impact of the COVID-19 pandemic.The economies of the United States and China are intricately linked, due to the two nations sharing a large trading partnership of goods and services.
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