The World Bank report raised China's economic growth forecast for this year from 8.1% to 8.5%. China covid-19 is the world's first major economy to recover from the new crown. Factory and consumer activities have returned to pre epidemic levels. In East Asia, China and Vietnam are the only two economies to achieve a V-shaped economic recovery and return to the pre epidemic level in 2020. The World Bank estimates that China is expected to vaccinate 40% of the population early this summer, and that a full-scale economic recovery requires progress on the new crown vaccination to achieve mass immunization.