Insta
China’s Year-Over-Year GDP Growth Rate Declines To 7.9% In The Second Quarter Of 2021.
The focus is now on fiscal stimulus to ramp up GDP.
China’s economy grew by 7.9 per cent in the second quarter of 2021 compared with a year earlier, the National Bureau of Statistics (NBS) announced today(Jul 15) .
In the first quarter, China's economy expanded 18.3 percent, but the high growth in the first quarter was largely due to economic contraction the country experienced due complete lockdown in early 2020 to contain the spread of Coronavirus. China’s economy in the first quarter of last year shrunk by 6.8 per cent,
In the first six months, China's GDP gained 12.7 percent year-on-year to 53.2 trillion yuan ($8.22 trillion), NBS said today.
In the April-June period, factory output rose 8.9 percent year-on-year while retail sales were up 13.9 percent, according to the NBS.
Beijing has set an economic growth target of “above 6 per cent” for 2021 after it grew by 2.3 per cent last year overall.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
