World Bank sticks by China growth surge in 2021

Shoppers walk through a festive themed market in Shanghai, China on Saturday, Dec 19, 2020. China pulled further ahead of other major economies in November as industrial output and retail sales strengthened, reinforcing expectations of healthy growth in 2021. -Bloomberg

BEIJING (China Daily/ANN): Economic activity will continue to accelerate in China next year on the back of existing supportive policies, despite a grim outlook for global growth due to the resurgence in novel coronavirus cases and lockdowns, economists said.

The comments came after the World Bank updated its projections for China's GDP growth on Wednesday (Dec 23) and said the country will return to its pre-pandemic growth level next year.