China is winning the global economic recovery (Update 1)

China is winning the global economic recovery Analysis by Laura He, CNN Business While much of the world scrambles to prevent new coronavirus cases from stalling the fragile recovery from recession, China’s economy is hitting its stride again and will end the year more influential than ever. The world’s second largest economy was the only major world power to avoid a recession this year as Covid-19 forced lockdowns and crippled businesses. China’s GDP is expected to grow 1.6% this year , while the global economy as a whole will contract 5.2% , according to summer projections from the World Bank….