Tourists shop at a duty-free shopping mall in Sanya City, south China's Hainan Province, Oct. 5, 2020. (Xinhua/Guo Cheng)
NEW YORK, Dec. 9 (Xinhua) -- China's gross domestic product (GDP) would increase 10 percent and its economy would continue to be a global outperformer in 2021 while Chinese central bank will start to hike lending rates next year, according to a recent research note by international economic research firm Capital Economics.
Chinese GDP would expand 10 percent in 2021, higher than the current market consensus of 7.9 percent, thanks to tailwind from fiscal stimulus, rebound in consumption and services, accelerating income growth and flattering base effects, said the note.
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