China’s economy grows by 18.3% in the first quarter of 2021 – Last Dubai


BEIJING, April 16, WAM – The Chinese economy grew 18.3% year-on-year in the first quarter of 2021, as robust domestic and foreign demand spurred economic recovery from a lower comparative base in early 2020, when the COVID-19 pandemic caused a second major disruption. Economy in the world.

China’s gross domestic product reached 24.93 trillion yuan (about 3.82 trillion US dollars) in the first quarter, the National Bureau of Statistics data showed on Friday.

The new China News Agency “Xinhua” stated that the double-digit growth contributed to raising the rate of economic growth in the first quarter in the years 2020 and 2021 by 5% from the level of 2019.

According to data from the National Statistics Authority, in the first three months, China recorded a steady recovery in industrial production, an improvement in market sales, a rebound in investment in fixed assets and a prominent driving force in foreign commodity trade.

The authority stated that the Chinese economy recorded a shrinkage of 6.8% in the first quarter of the past year, due to the new Corona virus, and thanks to strict and effective control measures of the epidemic, the global growth engine recovered its activity to achieve a recovery for three consecutive quarters last year / growth of 3.2% in the quarter The second and 4.9% in the third quarter and 6.5% in the fourth quarter /.

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WAM / Mustafa Badr El-Din


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