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2.3 % Grew in China’s Economy

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  China’s economy recovered to pre-pandemic growth rates in the fourth quarter, propelling it to a stronger than expected full-year expansion of 2.3% and making it the only major one to avoid contraction.  Gross domestic product climbed 6.5% in the final quarter from a year earlier, fueled by stronger-than-expected industrial output, the statistics bureau said Monday.   Covid-19, which has ravaged the world economy, first emerged in central China in late 2019. But the world's second-largest economy also became the first to bounce back after imposing strict lockdowns and virus control measures. It is expected to be the only major world economy clocking positive 2020 growth. In the last three months of 2020, China's economic rebound continued with a better-than-expected 6.5 percent growth on-year, a sustained improvement since the second quarter. This brings it back to a pre-pandemic trajectory, although full-year 2020 growth is still its worst performance since 1976, when the ec

Corona: taking much more than lives

Corona virus is the biggest problem in the world right now. The virus will have havoc impact on the global economy and India will also face it. Corona virus is a respiratory illness caused by a new virus. Symptoms range from a mild cough to pneumonia. Some people recover easily, others may get very sick very quickly. There is evidence that it spreads from person to person. Good hygiene can prevent infection. people with corona virus may experience fever,flu-like symptoms such as coughing, sore throat and fatigue, shortness of breath. Now lets talk about the economy impact that India have already started to face.India and china trade is reached to almost $ 93 billion. Indian economy has became overdependent on its northern neighbor for import of vital material used to produce medicine, autos and electronics.The most hard hit sector will be the Pharmaceutical sector. India's pharma sector is currently imports 80% Active Pharmaceutical Ingredient (API 's) and essential raw mate

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