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China's economy bucks the global trend

Graham Watson

18th January 2021

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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.

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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.