China's economy accelerated in the fourth quarter, with growth exceeding expectations.
Gross domestic product rose 2.3% in 2020, according to official data released on Monday, making China's economy, the first economy in the world to avoid a recession last year.
Gross domestic product rose 2.3% in 2020, according to official data released on Monday, making China's economy, the first economy in the world to avoid a recession last year.
Expected that China will continue to outpace its competitors this year, with GDP growing at the fastest pace in a decade - 8.4%, according to a Reuters poll. China's GDP grew 6.5% in the 4th quarter over same period last year and followed a robust 4.9% growth in the 3rd quarter.
Beijing's stringent virus containment measures have enabled her to contain the COVID-19 outbreak faster than most countries, as reported Reuters.
Retail sales fell 3.9% last year, the first decline since 1968, NBS reports show.
Retail sales fell 3.9% last year, the first decline since 1968, NBS reports show.
Retail sales growth in December fell short of analysts' forecasts and fell to 4.6% from 5.0% in November as sales of apparel, cosmetics, telecommunications and automobiles slowed. However, the manufacturing sector boosted industrial output last month 7.3% faster than a year...
ago, the highest since March 2019. In 2021, China's 14th Five-Year Plan begins, which policymakers say is vital to lifting the economy out of the so-called middle-income trap.
China still faces many challenges, not least the tensions between Beijing and Washington and how they...
China still faces many challenges, not least the tensions between Beijing and Washington and how they...
will develop under the new US administration, led by President Joe Biden. Also, rising labor costs, an aging population, and the recent spike in credit defaults are increasing the risks for an economy that is still struggling to cut a mountain of debt.
Titan.
Titan.
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