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Nov.26.2020 1USD=6.578RMB
  SteelHome >>>>Steelmakers' Info>>Industry Dynamics
 
Wang Guogang: China's GDP to Exceed CNY 100 Trillion in 2020

http://en.steelhome.cn [SteelHome] 2020-10-27 15:32:09

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2020 China Coal and Coke Industry Conference, hosted by Dalian Commodity Exchange, China National Coal Association and China Coking Industry Association, and organized by Shanghai SteelHome, was successfully held in Shenzhen on October 21-23, 2020. Around 500 delegates from governments, associations, steel mills, miners, traders, research institutes attended one of the biggest events in China coal and coke industry.

Wang Guogang, Member of the Chinese Academy of Social Sciences and Professor of Renmin University of China delivered a speech.

Struck by the COVID-19 pandemic, Chinas GDP in the first quarter saw the negative growth of 6.8%, the greatest decline since 1978. Positively, the GDP growth reached 3.2% in the second quarter and 4.9% in the third quarter. Therefore, Chinas GDP will definitely exceed 100 trillion yuan in 2020, reflecting the vigor, flexibility and potentiality of Chinese economy.

However, Chinese economy operation is still under the influence of global COVID-19 pandemic development, the process of structural reform, the recovery of global supply chain and Sino-US friction.

(To contact the reporter on this story: nancy.bu@steelhome.cn or 0086-21-50585358 15955340612)
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