World Bank Report——

China's economic recovery is "faster than expected"

  According to Xinhua News Agency, Beijing, December 23 (Reporter Liu Hongxia) The World Bank released the latest China Economic Bulletin in Beijing on the 23rd. Thanks to effective epidemic prevention and control and policy support, China’s economy has achieved faster than expected speed. recovery.

  The report is titled "From Recovery to Rebalancing: China's Economy in 2021."

  In 2020, the new crown pneumonia epidemic will sweep the world, and China will become the only major economy in the world to achieve positive economic growth.

The report pointed out that under the influence of various factors such as effective prevention and control of the epidemic, strong policy support, and strong exports, China's economy has recovered faster than expected after a sharp decline in the first quarter of this year, and "the overall recovery is very fast."

  The recent Central Economic Work Conference pointed out that there are many uncertainties in the changes in the epidemic and the external environment, and the foundation for my country's economic recovery is not yet solid.

  "The global environment is still highly uncertain, which requires an adaptive policy framework. Withdrawal of policy support prematurely and excessive tightening may derail the recovery." said Rui Ze, Director of the World Bank China Bureau. "The withdrawal of financial support should be gradual. , But the focus should shift from traditional infrastructure to increasing social spending and green investment."