Text: Yan Ansheng In the past 2020, the sudden COVID-19 epidemic caused an unprecedented impact on the global economy.

Because China's anti-epidemic measures were resolute and decisive and it only took about three months to control the epidemic, China is the country with the fastest and most effective economic recovery and is also the only large economy in the world to achieve positive economic growth.

Looking back at the performance of the world's major economies over the past year, except for China, which achieved a positive growth of 2.3%, other countries were miserable. One was worse than the other. Among them, the United States was -3.1%, Brazil was -4.5%, Japan was -5.1%, and Germany was -5.1%.

-5.4%, India -8%, France -9%, UK -10%.

Taking into account the global economic situation, the global economy shrank by 3.5% in 2020.

China and the United States lead the global economic rebound. Fortunately, in 2021, the impact of the epidemic on the global economy is receding. As the new crown vaccine begins to be launched around the world, it also brings good news to the global economy.

Recently, people all over the world are receiving COVID-19 vaccines, especially the United States and China, the two largest economies in the world. Not only do their economic systems have the strongest resilience to shocks, but they also have the fastest and largest vaccination speed and quantity. Therefore, China

The United States and the United States are likely to be the first countries to achieve herd immunity. In this way, the two largest engines driving global economic growth will quickly return to normal and provide the global economy with a steady stream of surging growth momentum.

First of all, the performance of China's economy in 2021 will be one of the biggest highlights of the global economy.

In the first quarter of 2020, China's economy experienced a negative growth of 6.8%. However, in the second quarter, China's economic decline was effectively contained and there was a positive growth of 3.2%; in the third quarter, it further rebounded to 4.9%, while in the fourth quarter, China's economic growth

The rate is as high as 6.4%, exceeding the level before the outbreak.

It can be expected that the positive momentum of China's economic growth will continue to be consolidated and improved in 2021.

It must be noted that China's economic "two cycles" development pattern achieved great success in 2020, laying a solid foundation for China's economy to reach a new level in 2021.

In 2020, China's economy has been severely impacted by the COVID-19 epidemic. On the other hand, anti-globalization forces led by the Trump administration in the United States have risen, clamoring for decoupling from the Chinese economy, and continuously escalating trade wars and technology wars against China.

Faced with the rise of international protectionism, the sluggish world economy, and the unfavorable external environment of shrinking global markets, the Party Central Committee has made a major strategic deployment of "two cycles of development", that is, with the domestic cycle as the main body and the domestic and international dual cycles reinforcing each other.

new development pattern.

Facts have proved that the "dual cycle development" strategic arrangement in 2020 has achieved great success. It has not only consolidated the domestic market and industrial foundation, but also consolidated China's position in international trade, and even caused the U.S. trade war against China to completely fail.

.

In 2021, China's economy will follow the pace of 2020 and continue to maintain a strong momentum of development in the "dual cycle development" pattern.

What needs to be emphasized is that China's economy has entered a new stage of comprehensive and high-quality development. The new development concept of "innovation, coordination, green, openness, and sharing" is leading the comprehensive transformation and upgrading of China's economy. New technologies, new industries,

New business formats are emerging in endlessly. For example, modern information industries and high-precision technology industries such as 5G, Internet of Things, artificial intelligence, clean energy, high-end medical equipment, and high-end chips are becoming new highlights in China’s economic development. New technologies, new industries, and new

The development of business formats in China is in the ascendant, with huge potential and unlimited market prospects. 2021 and the next few years will be an explosive period for China's new technologies, new industries, new business formats and other emerging economies, and will inject surging impetus into China's economic development.

In view of this, at the national "Two Sessions" held in March this year, Premier Li Keqiang announced to the world that the Chinese government's economic growth target for 2021 is 6% and above.

As Premier Li Keqiang emphasized, since China's GDP has exceeded 100 billion yuan, the increment formed by GDP growth of 6% in 2021 is equivalent to the increment level that can only be achieved by 8% growth during the "13th Five-Year Plan" period.

Obviously, the economic growth rate of 6% and above set by the Chinese government in 2021 is a very positive, promising and stable goal.

Secondly, the United States has made full use of the hegemony of the US dollar to quickly rebound the US economy through massive relief plans and fiscal stimulus plans.

Although the United States was deeply troubled by the epidemic in 2020, the recession of the U.S. economy was better than expected, with a decline of only 3.1%, which was much better than other major economies in the world except China.

Why can the U.S. economy perform better than expected?

The fundamental reason is that the U.S. dollar has helped the U.S. economy a lot, because the U.S. dollar has the world's currency hegemony, is the world's most popular settlement currency and reserve currency, and is the only hard currency that dominates the world.