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’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

Topic |   China GDP
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’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