China’s contribution to the global recovery could be its lowest in modern economic history | Visa


China’s contribution to the global recovery could be its lowest in modern economic history

Current production is laying the foundations for China’s next phase of growth.

Area chart showing China's share of global GDP, starting from 1.7% in 1980 to 17% in 2020.
Area chart showing China's share of global GDP growth. See image description for more information.
Area chart showing China's share of global GDP growth ranging from 3% in 1980 to a low of 2.4% in 1989 and a high of 38% in 2008, with the last reading at 33% in 2020.  Dotted horizontal lines are included to represent China’s average contribution at each level, starting at 7% during the period from 1980 to 1990, 13% from 1990 to 2000, 20% from 2000 to 2010, and 29% for the past decade.