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Beijing, Dec 31: China has made major progress in developing its economy and eradicating rural poverty over the past year despite the coronavirus pandemic, Chinese President Xi Jinping said in a New Year address on Thursday.
China was the first major economy to register positive economic growth in 2020, with its gross domestic product expected to exceed 100 trillion yuan (almost $14 trillion) for the year, Xi said on nationwide television, speaking from behind his desk in his wood-paneled office.
The International Monetary Fund forecast in October that China, the world’s second-largest economy, would grow 1.9 per cent in 2020, a sharp slowdown from its 6.1 per cent gain in 2019, and then…
