WEF director: China's economic recovery "a blueprint" for others

Added On January 24, 2021

"It is clearly one of the few large economies in the world that has seen that kind of recovery in the growth numbers." China's National Bureau of Statistics said that the country's economy grew more than expected in 2020 by 2.3 percent year-on-year. Accordingly, China is expected to be the only major economy to post growth in the pandemic-ravaged year. Zahidi said that the recovery from the COVID-19 pandemic should be "green." SOUNDBITE 2 (English): SAADIA ZAHIDI, WEF Managing Director "We need to ensure that coming out of that crisis, economies are dealing with mitigating some of the potential future concerns. One, the concern around social fragmentation. For that it is important that the future economy provides jobs, inclusion, skills, education for everybody." SOUNDBITE 3 (English): SAADIA ZAHIDI, WEF Managing Director "And the second element is, we have to ensure that our future economies are actually embedding sustainability from the beginning. And that endogenous growth model, one that actually includes inclusion and sustainability at its core, that is what is going to be critical for China and for other big economies." According to the expert, China aims to see its CO2 emissions peak before 2030 and achieve carbon neutrality by 2060.