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.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.