China achieved its best economic growth since 2011 and the economy expanded by 8.1% in 2021. This was above the growth rate of 2.3% for 2020 and a government target of at least 6% for 2021. In 2020, the economy experienced the lowest growth since 1976 at -1.6% but recovered faster than other major economies.
In Q4 of 2021, actual GDP growth rate was higher than expected and reached 4%, but was lowest since the mid-2020. Economy experienced the weakest growth rate of 4.9% in Q2 of 2020 and Q3 of 2021. Average growth for the last four quarters was 9.4%.
Economy rebounded strongly in early 2021 in China, but most economists expect progressive decline of economic growth in upcoming months.
Financial And Economic Statistics
Recently, the central bank decreased borrowing costs for m...
