Analysts forecast China will be the only major economy to experience positive growth this year. BEIJING: China returned to growth in the second quarter after the coronavirus pandemic handed the world's second largest economy its first contraction in decades, according to an AFP poll of analysts.
China is expected to post 1.7 per cent growth for the full year, according to the economists surveyed by AFP, compared with International Monetary Fund forecasts of a global contraction.Advertisement It raised its budget deficit target and set aside 1 trillion yuan of government bonds for COVID-19 control, working to prop up businesses hit by the virus fallout.
"Industrial sectors can recover faster than service sectors in the wake of the COVID-19 shock," Ma said.
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