Newsdos
No Result
View All Result
  • Home
  • World
  • Business
  • health
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Life style
  • Tech
Contact Us
Newsdos
  • Home
  • World
  • Business
  • health
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Life style
  • Tech
No Result
View All Result
Newsdos
No Result
View All Result

China’s economy grows a record 18.3% as it recovers from Covid

NEWSDOS by NEWSDOS
April 16, 2021
Reading Time: 6 mins read
0
China’s economy grows a record 18.3% as it recovers from Covid

RELATED POSTS

Does Your Business Need a Website and What Should You Include On It

ECB slows bond purchase program worth 1.85 trillion euros

John Lewis sells fast fashion assortments in Waitrose supermarkets

[ad_1]

China’s economy grew 18.3 percent in the first quarter of this year compared to 2020, when the country that made the world sick with Covid was the fastest to rebound from the pandemic.

The number was slightly lower than forecast, some of which forecast growth of over 20 percent, but it still represents the largest increase in GDP since Beijing began keeping records in 1992.

This means that China’s economic recovery continues to gain momentum after being virtually the only major economy ever to grow in 2020 as other world leaders have been crippled by the effects of repeated lockdowns.

China's economy grew 18.3 percent in the first quarter of this year compared to the first quarter of 2020, new figures from Beijing this morning showed

China’s economy grew 18.3 percent in the first quarter of this year compared to the first quarter of 2020, new figures from Beijing this morning showed

China was the only major global economy growing in 2020 while others were crippled by the effects of Covid lockdowns

China was the only major global economy growing in 2020 while others were crippled by the effects of Covid lockdowns

Analysts warn that the growth reported today is not quite as impressive as it initially seems, and benefit from a comparison with the same quarter last year when the country was at the height of its own lockdowns – a so-called “low base” . cause.

The numbers were also boosted by high government spending, but they will still be the envy of most other world leaders struggling to get their countries back in the black.

Economists in Germany warned yesterday that their economy – Europe’s largest – likely shrank 1.8 percent in the first quarter of this year due to a partial lockdown.

Analysts expect the UK economy to shrink by around 2 percent as well, while Japan and India are unlikely to see growth until later in the year.

With estimates of around 8 percent, the US economy is one of the few whose growth is forecast in the first quarter – that’s still half of the Chinese boom.

Detailed data released Friday by the Chinese Bureau of Statistics showed that retail sales rose in March and growth rose to 33.9 percent in the first quarter as lifespan largely normalized.

Industrial production rose less than an estimated 24.5 percent for the quarter.

The numbers come days after officials announced that exports – and imports in particular – skyrocketed in March.

Spokeswoman Liu Aihua highlighted the contrast between China’s growth and the rest of the world economy, warning that the international landscape still contains “high levels of uncertainty”.

As vaccines roll out around the world, the distribution is uneven and an increase in infections is forcing governments to reintroduce containment measures, slowing recovery.

The unemployment rate in cities, which analysts have closely observed, fell slightly to 5.3 percent.

China is back on track for growth, even if the rest of the world economy remains in ruins due to lockdowns designed to prevent the spread of Covid (file).

China is back on track for growth, even if the rest of the world economy remains in ruins due to lockdowns designed to prevent the spread of Covid (file).

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Buy Article

Unlock this article and gain permanent access to read it.
Unlock Now
ShareTweetShare
NEWSDOS

NEWSDOS

Related Posts

Does Your Business Need a Website and What Should You Include On It
Business

Does Your Business Need a Website and What Should You Include On It

December 21, 2021
ECB slows bond purchase program worth 1.85 trillion euros
Business

ECB slows bond purchase program worth 1.85 trillion euros

September 9, 2021
John Lewis sells fast fashion assortments in Waitrose supermarkets
Business

John Lewis sells fast fashion assortments in Waitrose supermarkets

September 8, 2021
Business secretary Kwasi Kwarteng joins the takeover of the graph manufacturer
Business

Business secretary Kwasi Kwarteng joins the takeover of the graph manufacturer

September 7, 2021
“We’re going to DOUBLE our resorts in the Caribbean,” said Sandals Chairman Adam Stewart
Business

“We’re going to DOUBLE our resorts in the Caribbean,” said Sandals Chairman Adam Stewart

September 6, 2021
Insurance giant Aviva does not have a “short-term” purchase plan
Business

Insurance giant Aviva does not have a “short-term” purchase plan

September 5, 2021
Next Post
Astrazeneca boss Pascal Soriot flies back from Australia

Astrazeneca boss Pascal Soriot flies back from Australia

Zoopla boss reveals his plan for a resume for private households

Zoopla boss reveals his plan for a resume for private households

Recommended Stories

Canadian woman cited in online attacks arrested in Toronto

Canadian woman cited in online attacks arrested in Toronto

February 10, 2021
Cesc Fabregas wants to bet on PSG after Monaco comeback in Ligue 1

Cesc Fabregas wants to bet on PSG after Monaco comeback in Ligue 1

November 21, 2020
With Rage Therapy, people can reduce their frustrations in 2020 by smashing things up with a sledgehammer – CBS Chicago

With Rage Therapy, people can reduce their frustrations in 2020 by smashing things up with a sledgehammer – CBS Chicago

January 5, 2021

Popular Stories

  • Watch Soul (2020) Disney+ Full Movie Online Free

    0 shares
    Share 0 Tweet 0
  • Watch Monster Hunter (2020) Full Movie Online Free – 123Movies

    0 shares
    Share 0 Tweet 0
  • Watch The Marksman (2021) Full Movie Online For Free

    0 shares
    Share 0 Tweet 0
  • 123MOVIES! The Marksman (2021) Full Movie Watch Online Free

    0 shares
    Share 0 Tweet 0
  • Canelo Alvarez vs Avni Yildirim Live Free Stream Reddit

    0 shares
    Share 0 Tweet 0
Newsdos

We bring you the latest news, helping you to stay informed always on time.

Categories

  • Business
  • Economy
  • Entertainment
  • health
  • Life style
  • Politics
  • Reference & EducationEnvironmental
  • Sports
  • Tech
  • Uncategorized
  • World

Recent Posts

  • 3 Ways Your Business Can Be More Sustainable
  • Simple Changes You Can Make To Transform Your Bathroom
  • Tips For Reducing Scarring After Cosmetic Surgery

Subscribe

No Result
View All Result
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

© 2020 NewsDos.com All Right Reserved

No Result
View All Result
  • Home
  • Business
  • Economy
  • Entertainment
  • Health
  • Life style
  • Politics
  • Sports
  • Tech
  • World
  • Contact Us

© 2020 NewsDos.com All Right Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?