Business Standard

World Coronavirus Dispatch: China recovery consolidates with record growth

Malawi to dump 16,000 AstraZeneca doses, Pfizer and White House plan booster shot 6-12 months after initial two, Hong Kong opens jabs to 16-year-olds and other pandemic-related news across the globe

China, Coronavirus
Premium

Akash Podishetty Hyderabad
A year after lockdowns, China sees record growth

A year after a coronavirus-led collapse, China has posted its strongest growth ever as the economy expanded by a record 18 per cent in the first quarter of 2021. The output shrank 6.8 per cent in the year-ago period. In a remarkable post-pandemic recovery, the growth rate in the first quarter is the highest since China began reporting quarterly GDP in 1992, surpassing the previous best of 15.3 per cent in the first quarter of 1993. However, when we compare with the previosu quarter, the economy has just grown by 0.6 per cent.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in