BEIJING, March 5. /TASS/. 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.
For the year, the following main indicators of socio-economic development were outlined: GDP growth will be more than 6%.
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.
The dynamics of the development of the Chinese economy is gradually slowing down. In 2017, it was 6.8%, and in 2018 and 2019 - 6.6% and 6%, respectively.