Second largest economy China has raised its GDP numbers. China's GDP it was up 2.3 percent last year making China the only major economy in the world to avoid a contraction last year.
Many nations struggled to contain goal with covid19 pandemic. the economy grew at a faster than expected pace in fourth quarter of last year and got off Gordon a wanted stricken 2020 in remarkably good shape it remains solidly poised to expand for the decision. now the GDP over all of the Asian economy expanded 6.5 percent year increase fourth quarter highlighting weakness in consumption retail sales.
Meanwhile fell 2.9 percent last year marking first contraction since 1968. Go to retail sales in December however missed just full cost and ease to 4.6 percent from November's 5 percent a series of comments, cosmetics, telecoms and automobiles slow down however.
China's lost manufacturing continued to gain momentum as industrial production reached 7.3 percent year-over-year last month, its highest level since March 2019. however Chinese consumers they remained elected to spend as agencies contracted 2.9 percent for the year meanwhile it is a useful fourth quarter . there are 4.6 percent in China from last year analysts expect economic growth to rebound 28.4 percent.
This year before slowing to 5.5 percent next year by strict wireless containment measures and policy stimulus. economy has recovered stood to be from a steep 6.8 percent slump in full is 3 months off to 2020. when an outbreak of covid19 in center city of Wuhan in China turn into a full blown epidemic for the world 1 second largest economy.
China has been driven by a surprisingly resilient export sector, but consumption, which is a key driver of growth, has lagged behind expectations amid fears of a target revival. The 19 cases determined by the week Last week showed that Chinese exports rose more than expected in December. disruptions around the world fuel demand for Chinese products even stronger rise 1 more expensive meat exports.