Economics
China Set to Topple U.S. as Biggest Economy Sooner After Virus
- China’s share of global output, trade and investment is up
- Companies, countries seek closer trade and investment ties
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China’s economic ascent is accelerating barely a year after its first coronavirus lockdowns, as its success in controlling Covid-19 allows it to boost its share of global trade and investment.
The world’s second-largest economy is set on Monday to report gross domestic product increased 2.1% in 2020, the only major economy to have avoided a contraction, according to a Bloomberg survey of economists.