China Economy Bucks Global Trend with Significant Growth

Statista reporter Felix Richter has said the Chinese economy continued its recovery in the fourth quarter of 2020, returning to a level of growth in line with pre-pandemic growth rates.

According to the National Bureau of Statistics of China, the country’s GDP grew by 6.5 per cent year-over-year in the three months ended December 31, up from 4.9 per cent in the preceding quarter and 3.2 per cent growth in the quarter ended June 30.

China’s economic output had declined by 6.8 per cent year-over-year in the first three months of 2020, after the coronavirus outbreak which originated in Wuhan (Hubei province) in December and the ensuing lockdown had stopped the country in its tracks. Prior to the COVID-19 crisis, China’s economic growth had stabilized around 6 per cent following a gradual slowdown from more than 10 per cent growth in the first decade of the 21st century.

Related:

• Show Stopper Identified in US-China Relations
• US Companies Continue to Move Operations Out of China
• India to be Less Reliant on China for Imaging Supplies
• Dinglong Leader Chips-In with Warning for China Companies
• China and Other Asian Markets Rally After Biden Win
• More China Companies Announce Results for Q3

Comment:

Please add your comments below about this news story, “China Economy Bucks Global Trend with Significant Growth.”