With an economic growth powered by strong exports and industrial production, China logged a 7.9% GDP growth (YoY). During the first half of 2021, China has seen an economic growth of 12.7% (YoY), making the annual target of 6% highly reachable.
China’s consumption surges during 2021 Spring Festival
In a successful attempt to recover from previous year’s battle with COVID-19, China’s investments in economic activities resulted in a staggering 18.3% GDP growth in the first three months of 2021 (YoY).
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China’s luxury market booms despite COVID-19
As the world continues to battle COVID-19, China’s economy showed exceptional strength in Q4 2020, even surpassing last year’s figure of the same quarter.
China’s economic recovery gains more momentum in Q3 as it grows 4.9%
China is striving to make its way out of the economic recession caused by the global Corona pandemic. For the second consecutive quarter, China’s economy shows strengthening signs.
China’s economy shows signs of recovery as the GDP grows 3.2% in Q2
After the GDP contraction of 6.8% in the first quarter of 2020, China has strived to become the first major economy to achieve positive economic growth amid the COVID-19 pandemic, and succeeding.
China’s economy shrank by 6.8% in the first quarter as the country battled pandemic
Following the declining economic growth of 2019, China’s economy was heavily hit by the coronavirus pandemic in Q1 2020, resulting in an immense drop compared to the same period last year.
China’s economy grew by 6.1% in 2019, the lowest annual growth rate in 29 years
In Q4, China’s economy saw its weakest growth in nearly three decades, as both the domestic and global demand remained low. However, at the end of the year, there were signs of improvement, as the tension in the US-China trade war eased.
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China’s economy grows at its slowest rate in nearly three decades
As a consequence of cooling domestic demand and continuous tension of the U.S. – China trade war, China’s economy expanded at its slowest rate in nearly three decades.
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China’s economy continues to face headwinds during the second quarter
The Chinese economy slowed to the weakest growth rate in 27 years. The real GDP slowed to 6.2% in the second quarter of 2019. The pace was two tenths of a point weaker than the real GDP in the first quarter.
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China’s Economic Growth in 2019 Q1 Beat Expectation
The Chinese economy continued to show no signs of a slowdown, despite of the ongoing trade war with the United States. GDP expanded 6.4% in annual terms in Q1 2019.
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