The dynamics of the Chinese economy development in 2021 in accordance with the government plan should exceed 6%, according to a report published on Friday at the 4th session of the 13th National People's Congress, APA reports citing TASS.
Meanwhile, China's economic growth rates in 2020, against the backdrop of the negative impact of the pandemic, turned out to be the lowest in more than 40 years, amounting to 2.3%. The volume of GDP exceeded 101.59 trillion yuan (about $15.66 trillion at the exchange rate at the time of the data was published).
China's state budget deficit will amount to about 3.2% of the country's GDP in 2021.