China’s GDP hits record growth after Covid slump
Virus containment measures and emergency relief for businesses help economy recover from 6.8% decline in the first three months of 2020
16 April 2021 - 11:00
Beijing — China’s economic recovery quickened sharply in the first quarter from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
But the brisk expansion, heavily skewed by the plunge in activity a year earlier, is expected to moderate later this year as the government turns its attention to reining in financial risks in overheating parts of the economy...
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