World Bank: China’s GDP may slow down this year due to COVID-19

According to the economic index, China’s gross domestic product (GDP) last year was about 6.1%, but it is difficult to forecast a high level this year.

See more: bảng báo giá thép miền nam

Affected by the COVID-19 pandemic, many local governments announced suspension of commercial and transport activities of the people, slowing economic growth.

Learning from past experience, the Chinese government wants to spend hundreds of millions of RMB on infrastructure investment to stimulate the economy. However, this time the market is worried that it will not work, the government should think of new ways to save people from crisis.