China’s economy may expand by 9 per cent in 2021, helping to overtake US sooner

China’s economic growth could reach as high as 9 per cent next year, and its rapid rebound from the coronavirus pandemic may help the economy overtake the US to become the world’s largest later this decade, analysts said.But Beijing is likely to roll back some of its stimulus measures used to offset the coronavirus damage amid concerns over its record-high debt level, they added.Expectations over China’s economic outlook have turned bullish in recent weeks, with the world’s second-largest…

Article by [author-name] (c) South China Morning Post - Read full story here.