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China's economy bucks the global trend

Graham Watson

18th January 2021

It seems that China will be the only major economy to grow in 2020, with the data claiming that the country experienced annual growth of 2.3% last year, as a result of strict pandemic restrictions and subsequent government measures to boost growth.

However, dig a little deeper and there are some interesting trends to emerge: growth was sustained by exports, and a lot of credit-related spending, with domestic consumption weakening in comparison. So, some grounds for caution going forward.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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