WTO Director General Dr. Ngozi-Okonjo Lweala
China’s economy is projected to expand by 8.4 percent in 2021, according to the latest World Economic Outlook (WEO) released by the International Monetary Fund (IMF) on 6th April.
The figure is 0.3 percentage points above the IMF’s January prediction.
The IMF said that among emerging market and developing economies, China had already returned to pre-COVID GDP in 2020, whereas many others are not expected to do so until well into 2023.
World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala said in an interview that the economic rebound in China is “very important” for global trade as the world continues to attempt to recover from the COVID-19 pandemic.
