China GDP: coronavirus helped Chinese economy trim US$1 trillion from gap with US in 2020

Jan 29, 2021 | INVESTING

The gap between the size of the US and Chinese economies shrank by close to US$1 trillion in 2020 after the US posted its worst economic growth figure since the end of World War II.The US economy – the world’s largest – contracted by 3.5 per cent last year from a year earlier, after being upended by the coronavirus pandemic, according to data from the US Department of Commerce published on Thursday. Last year’s economic performance was the worst since 1946, when the economy shrank by 11.6 per…

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