China’s economy grew by 18.3 per cent in the first quarter of 2021 compared with a year prior. On a quarter-by-quarter basis, however, first-quarter growth slowed to 0.6 per cent versus the fourth quarter of 2020. Photo: AFP
China’s economy grew by 18.3 per cent in the first quarter of 2021 compared with a year prior. On a quarter-by-quarter basis, however, first-quarter growth slowed to 0.6 per cent versus the fourth quarter of 2020. Photo: AFP
China GDP

China’s slowing economy needs fiscal spending to aid post-coronavirus recovery, hit growth target

  • China will release its second-quarter economic data on Thursday, plus industrial production and retail sales figures for June
  • The economy is expected to grow by around 8 per cent year on year in second quarter following the record 18.3 per cent expansion in the first quarter of 2021

China’s economy grew by 18.3 per cent in the first quarter of 2021 compared with a year prior. On a quarter-by-quarter basis, however, first-quarter growth slowed to 0.6 per cent versus the fourth quarter of 2020. Photo: AFP
China’s economy grew by 18.3 per cent in the first quarter of 2021 compared with a year prior. On a quarter-by-quarter basis, however, first-quarter growth slowed to 0.6 per cent versus the fourth quarter of 2020. Photo: AFP
READ FULL ARTICLE