In the News
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.
Chinese economy expands at faster rate than before coronavirus https://t.co/VWs2jfw1hJ
— FT China (@ftchina) January 18, 2021
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