China will be the 'most important marginal driver of global GDP,' ex-Goldman Sachs economist Jim O'Neill says
China's economy will erase all its 2020 losses next year and still record positive growth for this year, ex-Goldman Sachs economist Jim O'Neill told CNBC.
Chinese GDP is set to end the year in positive territory and the economy will erase all its 2020 losses next year, ex-Goldman Sachs economist Jim O'Neill told The world's second largest economy has been ahead of the game in containing the virus and bouncing back from it. It's economy expanded byThis came after a 6.8% drop in output in Q1, its first contraction since 1992.in August to 0.5% compared to July, while industrial production increased for a fifth straight month.
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