China’s economy will prove resilient in long-term despite coronavirus impact, President Xi Jinping insists

Chinese President Xi Jinping has said the country’s economy will prove resilient in the long term, arguing that it will stand on the right side of history amid the rise of protectionism.Xi was speaking after China’s economy suffered its heaviest blow in decades as a result of the Covid-19 pandemic and the rapid slowdown in the world economy.China’s economy contracted by 6.8 per cent in the first quarter and the International Monetary Fund has projected that the global economy will shrink by 3…

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