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US News Growth jump in China

13:40  16 april  2021
13:40  16 april  2021 Source:   dw.com

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in the middle of the world's pandemic growth as well as thirty years: China's economy has placed more than 18 percent in the first quarter of the year. Industrial production such as private consumption.

Provided by Deutsche Welle © Getty Images / AFP Provided by Deutsche Wave

The Chinese gross domestic product has risen between January and March by 18.3 percent to the same period of the previous year, as the national statistical office announced on Friday in Beijing. It is the greatest leap since the beginning of the quarterly evaluation a good 30 years ago.

The unusually strong increase is explained by the fact that the Chinese economy had broken up strongly last spring because of the Corona pandemic. At that time, the most populous country in the world came almost completely to a standstill for several weeks. In the episode, the Chinese economy 2020 had grown so slowly because of the Corona crisis with 2.3 percent, no more than four decades.

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now helped at the beginning of the current year especially a strong foreign trade of China's economy on the jumps. China's factories ran in full swing to export medical goods such as corona tests and protective masks to all over the world. Also laptops and other equipment for the home office often come from China. Industrial production attracted 24.5 percent in the first quarter.

foreign trade and inland consumption

Well developed in the first three months also the domestic consumption, which was previously left behind the general recovery. Retail sales exceeded expectations and increased by 34.2 percent in March. China has been striving for years to strengthen domestic consumption in order to become independent of foreign trade.

The International Monetary Fund (IMF) estimates that the Chinese economy could increase by another 8.1 percent this year. The Chinese government is more cautious and stated her official growth target to a value of "over 6 percent". China's national statistics office warned on Friday before persistently great uncertainties: "We have to be aware that the Covid-19 pandemic is still spreading worldwide," says the authority.

AR / HB (DPA, RTR)

Silk Road: China could respond against Australia, which "will not be intimidated by anyone" .
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