The numbers show China’s early and fierce containment of the virus has set the economy up for a faster rebound than any of its peers. Markets were mixed on the news. The U.S. economy is expected to contract 4.3 percent this year, and Britain's economy will contract 9.8 percent. Actions including sizeable and timely fiscal, monetary and regulatory responses have so far prevented a recurrence of the financial catastrophe of 2008-09, the report said, but pointed out the negative impacts of the pandemic will last. Services sectors including tourism, education and travel are continuing to lag. Gross domestic product expanded 4.9% in the third quarter from a year ago, missing economists’ forecast for a 5.5% expansion. The Word Bank in late September estimated that China's economy is expected to grow by 2.0 percent in 2020, up from the 1 percent projection released in June. In the long-term, the China GDP is projected to trend around 14600.00 Compared with the previous outlook IMF made in June, the second quarter GDP growth in large advanced economies were slight better and China's return to growth was stronger than expected, the report said, noting there are signs of a more rapid recovery in the third quarter. ​Underpinning the recovery has been the containment of the virus that has allowed factories to quickly reopen and capitalise on a global rush for medical equipment and work-from-home technology. "These are difficult times, yet there are some reasons to be hopeful," Gita Gopinath, IMF's economic counsellor and director of research, was quoted as saying in the outlook report, referring to progress made in treatments and vaccine trials.

China’s recovery from the coronavirus slump continued in the third quarter and showed signs of broadening in September, keeping the economy on track to … The IMF has upgraded its estimate for advanced economies for 2020 to a contraction of 5.8 percent, followed by a rebound in growth to 3.9 percent in 2021. “GDP is on track to grow further into the fourth quarter.”, — With assistance by Enda Curran, Lin Zhu, Miao Han, James Mayger, Tian Chen, Fran Wang, and Matt Turner, Third quarter GDP growth missed estimate; retail sales pick up, Industrial production and investment growth accelerated, China's Key Policy Rate to Remain Unchanged This Year: BofA. Any worsening of trade frictions could throw a spanner in the export revival. “In general, the Chinese economy remains resilient with great potential. China continues to be the only economy in the world to show positive growth in 2020 as its GDP is predicted to expand 1.9 percent this year, according to the latest economic outlook released by the International Monetary Fund (IMF) on Tuesday. Strong import growth in the third quarter may have dented the GDP number, even though it’s broadly seen as a bullish sign for demand. Yet the recovery isn’t without its holes. Brazil and Russia are predicted to contract 5.8 and 4.1 percent respectively, while India's economy could shrink 10.3 percent.

Have a confidential tip for our reporters? Read more: COVID-19 sends most G20 members into negative GDP growth, except China. China Evergrande Group, the world’s most indebted developer, has rattled investors amid fears for its financial health.

Copyright (C) 2005-2020 Record China. Watch: China’s economic recovery from the depths plunged during the Covid-19 pandemic continued. “The economy is not entirely back in its strongest shape,” Helen Qiao, chief Greater China economist at Bank of America, told Bloomberg Television. China continues to be the only economy in the world to show positive growth in 2020 as its GDP is predicted to expand 1.9 percent this year, according to the latest economic outlook released by the International Monetary Fund (IMF) on Tuesday. China’s recovery from the coronavirus slump continued in the third quarter and showed signs of broadening in September, keeping the economy on track to be the world’s only major growth engine and validating Beijing’s aggressive approach to controlling the pandemic. Retail sales expanded 3.3% in September from a year earlier, industrial production grew 6.9% and investment growth accelerated to 0.8% in the nine months to the end of the quarter. Read More:A Dive Into China’s GDP Details Shows Recovery Broadening Out. Screenshot of IMF's World Economic Outlook. The IMF forecast a 2020 global contraction of 4.4 percent, an improvement over a 5.2 percent contraction predicted in June, when business closures reached their peak. After the rebound in 2021, IMF said global growth is expected to slow to about 3.5 percent in the medium term, implying the growth till 2025 would be less than expected. All told, China's economy is expected to be worth about $14.6 trillion by the end of 2020, roughly equivalent to 17.5% of global GDP. Nearer term, the return in consumer confidence has set the economy up for a strong finish to the year, said Natwest’s Liu. In the event fiscal support is rolled back, more rate cuts are likely.”, Central bank Governor Yi Gang said Sunday that China has “pro-active fiscal policy” and “an acommodative monetary policy to support the economy.”, “Right now, China has basically got Covid-19 under control,” Yi said in a webinar organized by the Group of 30. Getting the economy quickly back on its feet is crucial to China’s global ambitions. Urging an “unswerving” commitment to technological innovation in a period of “changes unseen in a century,” Xi again promoted a need to become more self reliant, a policy that is expected to be a central part of a new 5-year economic plan that will be discussed at a Communist Party gathering expected later this month. The proportion of worldwide growth contributed by China is expected to increase from 26.8 percent in 2021 to 27.7 percent in 2025, according to Bloomberg calculations using IMF data, which is more than 15 and 17 percentage points, respectively, higher than the U.S share of expected global output. For emerging market and developing countries (excluding China), the IMF has a downgrade with growth projected to be a contraction of 5.7 percent in 2020 and then a recovery to 5 percent in 2021. Some economists have forecast that China's GDP growth rate is likely to pick up to above 5 percent following a strong rebound of 3.2 percent in the second quarter. The yuan was little changed near 6.7 per dollar, after briefly trading at its strongest in 18 months. The IMF says Chinese growth is virtually the only reason it expects global output to be 0.6% higher by the end of 2021 compared to the end of 2019. Japan's economy is forecast to decline 5.3 percent. ◇中国のセブン-イレブン新店舗オープンに人殺到、台湾人が嘲笑するも「理由」があった―米華字メディア, 日本、GDP1～3月は年率換算で2．2％減、7月までのコロナ関連倒産310件―中国メディア. “The data -- on balance -- suggest there is no urgency for the government to add fresh stimulus, though the window is not completely closed for a rate cut by year-end. Analysis of International Monetary Fund data shows the proportion of worldwide growth coming from China is expected to increase from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg calculations. “That should not be viewed negatively,” said Liu Peiqian, China economist at Natwest Markets Plc in Singapore, because the strong import growth suggests the recovery in underlying economic growth is accelerating. 2020年9月4日、中国のニュースサイトの観察者網は、G20の中で中国だけが今年第2四半期の国内総生産（GDP）がプラス成長になったと伝えた。, 記事によると、新型コロナウイルスとの戦いから半年が過ぎ、多くの国で多少なりともロックダウンが行われた中で、各国の第2四半期のGDPが発表された。軒並み「大幅減」となる中、特にインドの下げ幅が大きいが、中国だけは前年同期比でも前期比でもプラス成長になった。, インド統計局が8月末に発表したデータによると、インドの今年第2四半期のGDPは前年同期比23．9％減となった。インドメディアによると、これは1996年の統計開始以来、最大の下げ幅だという。, また、豪連邦統計局の発表によると、オーストラリアの今年第2四半期のGDPは前期比7％減少し、1959年の統計開始以来、最大の下げ幅となり、2期連続のマイナス成長となった。, このほか、英国は前年同期比21．7％減、イタリアは前年同期比17．7％減、米国は前期比9．1％減と軒並みマイナスとなっているが、中国だけは前期比でも前年同期比でも増加している。中国のGDPは前期比11．5％増、前年同期比3．2％増となっている。（翻訳・編集/山中）, 21日、新京報は、北京大学の経済学専門家が「中国の1人当たりGDPが米国の半分に到達したときに、米国の覇権主義はようやくストップする」との考えを示したことを報じた。資料写真。, 20日、新民晩報は、新型コロナウイルスの影響によりGDPが大きなマイナス成長となった日本の企業の厳しい状況について報じた。写真は東京。, 中国新聞社のニュースサイトは3日、日本の内閣府が最新の統計を反映した今年1～3月の国内総生産（GDP）の新たな改定値を発表したことなどについて伝えた。写真は東京。, 今年上半期の中国のGDPトップ10都市が発表されました。上海、北京、深セン、重慶、広州、蘇州、成都、杭州、南京、天津の順となっています。, 23日、中国のポータルサイト・百度に、韓国のGDPが1997年のアジア通貨危機以降で最大のマイナス成長となったことを報じる記事が掲載された。写真はソウル。, 4日、中国のニュースサイトの観察者網は、G20の中で中国だけが今年第2四半期の国内総生産（GDP）がプラス成長になったと伝えた。写真は上海洋山港。.

Tech Rout Sends Stocks to Worst Week Since March: Markets Wrap, Record 200 Days With No Local Case Makes Taiwan World’s Envy, Walmart Pulls Guns Off Shelves as Precaution Ahead of Election, Apple Shares Decline After iPhone Sales Miss, China Drops 29%, U.S. Lifts Cruise Ship Ban; Deaths in France Surge: Virus Update. "The pandemic will reverse the progress made since the 1990s in reducing global poverty and will increase inequality," the report said. IMF Chief Economist Gita Gopinath said China was pulling up the global numbers, and without China "cumulative growth for 2020 and 2021 is negative.".

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