China's post-pandemic economic rebound loses steam

BBC

15th July, 2021 01:14:43 PM printer

China's post-pandemic economic rebound loses steam

The Chinese economy's sharp rebound from the coronavirus pandemic has now slowed, official figures show.

Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year.

That was less than half the rate seen in the previous quarter and missed economists' forecasts of 8.1% growth.

GDP is one of the most important ways of showing how well, or badly, an economy is doing, BBC reported.

Official figures for June also showed better-than-expected growth for retail sales and industrial production.

 


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