QNB's report predicts that China's economy will continue on track for a strong recovery this year, driven by a combination of positive factors, most notably strong growth in the manufacturing sector, economic reopening, as well as increased consumer demand for offline luxury services.
According to the report, China, a pivotal economic power, has managed to contribute nearly 40 percent of global GDP growth since the global financial crisis and has weathered a series of large fluctuations in recent years. Achieving - after the initial outbreak of the Coronavirus (Covid-19) in the first quarter of 2020 - significant GDP growth of 18.7 percent in the peak recovery phase.
Source (Al-Raya Qatari Newspaper, Edited)
