A large construction project in Hefei, in central China, on Dec 4, 2020. As most nations around the world struggle with new lockdowns and layoffs in the face of the surging pandemic but China's economy has bounced back after bringing the coronavirus mostly under control. The New York Times

Most major economies are shrinking. Not China’s

The Chinese economy rose 2.3% last year; by contrast, the United States, Japan and Europe are expected to have suffered steep falls in economic output