China’s economy accelerated at end of 2020, but virus-hit annual growth lowest in 45 years



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Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube China’s pandemic-hit economy recorded a gross domestic product (GDP) growth of 2.3 per cent in 2020. The lowest annual growth rate in 45 years was announced on January 17, 2021, by the National Bureau of Statistics. After contracting by 6.8 per cent in the first quarter of 2020, the country’s economy expanded by a stronger-than expected 6.5 per cent in the fourth quarter, up from 4.9% in the third quarter. China’s was the first economy to show recovery from the pandemic and is expected to be the only major economy to have posted positive growth last year. Support us: https://subscribe.scmp.com Follow us on: Website: https://www.scmp.com Facebook: https://facebook.com/scmp Twitter: https://twitter.com/scmpnews Instagram: https://instagram.com/scmpnews Linkedin: https://www.linkedin.com/company/south-china-morning-post/

Published by: South China Morning Post Published at: 3 years ago Category: اخبار و سیاست