The chines' economy maintained its trend of positive growth, even throughout the covid-19 pandemic True.
Since then, it has expanded incredibly quickly. China has experienced one of the major economies' greatest continuous expansions in history, with average annual growth rates of 6.7% since 2012.
Nearly all major economies saw historically large losses in output as a result of the pandemic. The United States' economy shrank by 8.9 percent in the second quarter of 2020, the most since more than 70 years (figure 3-3). (BEA 2021c).
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