Business
China is growing faster than ever: What it means for Aussies – Yahoo Finance Australia
As Australia’s biggest trading partner, China’s strong economic rebound is good news.
China has recorded its fastest annual economic growth on record, its latest GDP figures have revealed.
Its economy expanded 0.6 per cent in the March quarter after growing 3.2 per cent in the December quarter.
GDP grew at a record 18.3 per cent annualised rate in the March quarter compared to a year ago when the world came to a standstill as a result of COVID-19.
Additionally, Chinese citizens have been hitting the shops, retail sales grew at an annual rate of 34.2 per cent as new jobs were created…
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