After Trump’s Departure, China’s Economy Will Lead The World

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The pandemic? Which pandemic?

 

If 2021 unfolds as economists predict, China will have weathered the crisis smoothly. Its gross domestic product is expected to reach, at the end of the year, the level that Western analysts had anticipated in their forecasts drawn up at the end of 2019, before the start of Covid-19. With one difference, however: instead of having experienced, in 2020 and 2021, two years marked by a growth of 5 percent [each], the Asian giant should record an increase in GDP of about 2 percent in 2020, but followed by a rebound, an exceptional 8 percent”. These are the first lines of an article by Le Monde.

No other G20 country will do so well. More than ever, China is the engine of the global economy. In the next few years, China will thus pass from the status of a developing country to a developed country. China’s GDP will reach that of the United States by 2028.

Last November, while in the West there was only talk of Covid (Trump’s “Covid Covid Covid”), China gathered fifteen economies in Asia-Pacific for the largest free trade pact in the world that excludes United States. It represents 30 percent of the world economy.

In foreign policy, 2020 was an extraordinary year for the Chinese Communist Party. Epicenter of the pandemic, Beijing has successfully censored and covered up the origins of the virus and its very serious responsibilities in managing the epidemic.

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