Connect with us

Business

China’s economy grew 18.3 per cent in the first quarter of 2021, but it looks like its COVID-19 rebound is levelling off – ABC News

The world’s second-largest economy jumped by nearly 20 per cent in the first quarter of 2021 after experiencing its deepest contraction in decades during the coronavirus…

Published

on

Article feature image
ADVERTISEMENT

China’s economy has bounced back after last year’s deep coronavirus slump,  propelled by stronger demand at home and abroad and continued government support for smaller firms.
Key points:

  • Analysts say China’s growth will return to modest levels through the rest of the year
  • Manufacturing and consumer activity has returned to pre-coronavirus levels
  • Exports have led the country’s economic recovery

But the brisk expansion, heavily skewed by the plunge in activity a year earlier, is expected to moderate…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

5 things to watch on the ASX 200 on Monday 17 May 2021
Article feature image
New York baby becomes world’s youngest COVID-19 vaccine recipient – NEWS.com.au