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Economic data highlight China's position at the top of the global economic recovery

Economic data highlight China's position at the top of the global economic recovery

Issue Time:2020-12-21

The US "Fortune magazine website reported that in 2020,the new crown pneumonia epidemic has damaged the global economy,but China is a clear exception.This year,the global gross domestic product(GDP) will fall by 3.5%.Morgan Stanley predicts that the GDP of the United States will fall by3.5%,while the GDP of Europe will fall by 7.2%.At the same time,it expects that China will achieve positive GDP growth in 2020.China has become a special case among the world is major economies.

"The increasingly busy ports and short supply of containers are sending a positive signal that China is foreign trade is heating up."Singapore is Lianhe Zao newspaper reported that China is latest export container transports index has hit a record high as containers are in short supply, mainly due to the rapid growth of China is exports.The CCFI,which tracks spot and contract freight prices on 12 routes around the world at Chinese container ports as of December 11,has risen nearly 70 per cent since late May,with the average level at 1411.9


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