China’s economic recovery still faces challenges, small businesses may have a tough year ahead, said government economists
China’s economic recovery still faces challenges, small businesses may have a tough year ahead, said government economists

China’s economic recovery still faces challenges, small businesses may have a tough year ahead, said government economists

 

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Chinese economy posted a better-than-expected growth in 2020 after the country swiftly brought the domestic Covid-19 outbreak under control and implemented a raft of measures to boost the virus-hit economy.

However, the economy still faces challenges before it gets back to normal, including resurgence of Covid-19 infections, insufficient demand, weak employment, difficulties faced by small companies and rising financial risks, said economists at government think tanks. Policy makers pledged to maintain policy continuity, stability and sustainability to support the economy.

"The resurgence of Covid-19 infections has started to impact . . .

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