General
China’s economy grew 18.3 per cent in the first quarter of 2021, but it looks like its COVID-19 rebound is levelling off
China’s economy has bounced back after last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
Key points:
- Analysts say China’s growth will return to modest levels through the rest of the year
- Manufacturing and consumer activity has returned to pre-coronavirus levels
- Exports have led the country’s economic recovery
But the brisk expansion, heavily skewed by the plunge in activity a year earlier, is expected to moderate later this year as the government turns its attention to reining in financial risks in overheating parts of the economy.
Gross domestic product (GDP) jumped 18.3 per cent in the first quarter of 2021 compared to a year earlier, official data…
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