China’s Q1 GDP grows 18.3% y-o-y, the fastest in three decades
2021-04-17 07:08:28 source：Global Times
April 16, 2021
China's GDP grew by 18.3 percent year-on-year in the first quarter of 2021, the fastest in three decades, since the data was released, with key economic indicators all expanding at over 20 percent, setting an encouraging start for the year buoyed by a low base, soaring overseas demand and rebounding consumption at home.
The stellar data offers a glimpse into the strength of China's economic recovery, which has been retaking lost ground since the second half of 2020. The country is likely to record the highest growth among major economies and make the greatest contribution to the global economy in the first quarter, on top of the US, analysts noted.
Looking ahead, China's economy is forecast to keep a stable growth, but may enter "unchartered waters" in the second half of the year as geopolitical tensions keep developing and the marginal effect of global economic recovery has weakened.
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