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Previous story China: Economy grows at record pace in COVID rebound Next story
Published on April 17, 2021 5:11 AM

by DW News

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Strong foreign trade has helped the world's second-largest economy recover from the coronavirus crisis China's economy grows at record 18.3% after 2020 pandemic slump
 
China's GDP expanded by 18.3% in the first quarter of 2021 compared to the same period last year, official data showed on Friday.

The increase is the biggest since China started keeping quarterly records in 1992.

As the virus has hit global markets, the world's second-largest economy seems to be recovering from the coronavirus slump, accelerated by industrial activity and better-than-expected exports.

While the disease first emerged in central China, the country was also the quickest to get a grip on the pandemic after authorities imposed strict control measures.