China's Economy Is Expected To Grow About 7 Per Cent Next Year

Moody's has raised its forecast for China's economic growth this year to 1.9% from 1%, and expects the economy to grow by around 7% next year.China's real economic activity will gradually improve, but factors such as weak external market demand may constrain economic growth.In addition, the G20 economy is projected to contract by 4.6 percent in 2020 and grow by 5.3 percent in 2021.China is the only G20 economy capable of achieving economic growth this year.