Domestic Trade
• China’s economic recovery picks up speed in 4Q20
• Growth in retail sales further recovers in 4Q20
• Industrial production grows at fast pace in 4Q20
• Fixed asset investment continues to grow in 4Q20
• Growth in M2 and outstanding RMB loans slows
• PMI indicates growth moderation in manufacturing sector
• China outlines economic tasks for 2021
• China issues notice to expand rural consumption
Foreign Trade
• China ends 2020 with historically strong export performance
• ASEAN overtakes EU to become China’s top trading partner in 2020
• China overtakes the US as top country for FDI in 2020
• Chinese yuan appreciates against US dollar over past three months
• China and 14 other countries sign RCEP trade deal
• China lowers or cancels import tariffs on over 1,000 products
• Economies of US and Eurozone record year-on-year contraction in 4Q20
• IMF projects faster recovery of world economy in 2021