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

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 . . .

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