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China’s economy will expand 7.8 per cent this year and 4.9 per cent next year, the Organization for Economic Co-operation and Development said in its latest forecast released on Tuesday.
The 2021 projection is a 0.2 percentage point lower than its previous forecast, but it did not provide the reasons for the adjustment of the forecast.
The economic rebound, upturn in industrial activity and strong public health measures in Asia-Pacific countries have helped to contain the spread of the novel coronavirus and minimized its impact in many regional economies . . .
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