Tashkent, Uzbekistan (UzDaily.com) - It is expected that China’s economy will recover faster, and there will also be moderate changes in macro policy in 2021, a year of many problems both inside the country and abroad, the expert said. 

“Faced with many risks, challenges and uncertainties, the overall trend of sustainable economic growth in China will remain unchanged,” said Zhang Yuxian, an expert at the State Information Center.

Xinhua reported that Zhang Yuxian mentioned the uncertainty surrounding the global spread of COVID-19, the global economy, the international financial market, and the game between the major powers.

Growing employment tensions for key populations, difficulties in preventing and mitigating risks, and debt problems of local authorities will be among the main internal problems, he added.

However, China has a highly skilled workforce, capital, technology and other factors of production, a holistic industrial system and the world’s most developed infrastructure network, and ample room for development and room for maneuver in both urban and rural areas. said the expert.

Thanks to active efforts to coordinate COVID-19 control with economic and social development, China will see a faster economic recovery in 2021 with stronger rebounds in the first and second quarters, Zhang Yuxian said, Zhang Yuxian said.

The country’s authorities have pledged to avoid a "political cliff" in 2021 as they strive to keep macroeconomic policies coherent, stable and sustainable to support continued economic recovery.

“This means that the policy will moderately return to normalcy without any sharp turns,” the expert said, adding that some temporary and emergency measures should be phased out in full consideration of the sentiment of microenterprises.