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
Economy /  China Economy

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

Frank Tang
Frank Tang in Beijing

Updated: 6:00am, 14 Jul, 2021

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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
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