TAIPEI, Taiwan — A year ago, the coronavirus began spreading rapidly in China. Today, China’s economy is bouncing back hard, and expanding even faster than it did before the pandemic.
Economic data published Monday showed China logged 2.3 percent growth for 2020, becoming the only major economy that grew during a year when the virus exacted a devastating global toll. As other major nations and geopolitical competitors, from the United States to Europe to India to Japan, struggle to beat back a winter wave, China’s containment success has buoyed its economy and the ruling Communist Party’s claims to global leadership in the post-pandemic world. Read more…..
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CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’s Eunice Yoon reports from Beijing on the state of life and commerce in China exactly one year after a Wuhan doctor first raised a flag about Covid-19. Plus, CNBC.com’s Leslie Josephs breaks down the industry outlook for airlines in 2021 after a disastrous 2020.