China Economic Growth Rate and its Forecast after COVID-19 Eruption
China is a great economy and, now economy of the world directly depends upon the Chinese economy. Any fluctuatio in the Chinese economy disturbs the whole world economy; in present days, China becomes the need of the time. The Chinese economy before 1960 was a very unstable and declining economy in the world. After 1960 with effective leadership, the Chinese people work hard with unity and consistently and, then after 1980, the economy boost up till 2019. But now, in 2020, the attack of Novel Corona’s virus disturbed the Chinese economy, and still, there is a struggle to overcome this problem. We have tried to explain the importance of the Chinese economy and stability in this study by using forecasting techniques using the ARIMA model. The study shows the results of seven years of future of the Chinese economy since 2020 to 2026 after the attack of this novel corona’s virus. This study also compares times series techniques with the ARIMA model for getting future forecasting of GDP of a country. Keywords: chinese economy, times series data, an ARIMA model, future forecasting, GDP
