Taiwan reports 3% GDP growth in pandemic-hit 2020, outpaces China first time in 30 years

A shopper is browsing through a supermarket in Taipei, Taiwan. aiwan's GDP grew by nearly three per cent last year, official projections showed Friday, making the island one of the world's strongest performing economies during the coronavirus pandemic and surpassing China for the first time in three decades. - AP

TAIPEI, Jan 29 (AFP):Taiwan's GDP grew by nearly three per cent last year, official projections showed Friday, making the island one of the world's strongest performing economies during the coronavirus pandemic and surpassing China for the first time in three decades.

Full-year gross domestic product was estimated at 2.98 per cent for 2020, higher than a November forecast of 2.54 percent, according to preliminary data released by the Directorate-General of Budget, Accounting and Statistics.