China Logs Record Growth In Q1
2021年4月16日 - 11:38AM
RTTF2
China's economy registered record growth in the first quarter of
2021, largely due to the extremely low base of comparison as the
pandemic struck the economy in the same period last year.
Gross domestic product advanced 18.3 percent on a yearly basis
in the first quarter, much faster than the 6.5 percent growth
posted in the preceding quarter, data from the National Bureau of
Statistics revealed on Friday.
Nonetheless, this was slower than economists' growth forecast of
19 percent. The government targets to achieve above 6 percent
economic growth for the whole year of 2021.
Quarter-on-quarter, GDP gained 0.6 percent in the first quarter
of 2021 but weaker than the forecast of 1.5 percent.
The upshot is that with the economy already above its pre-virus
trend and policy support being withdrawn, China's post-COVID
rebound is levelling off, Julian Evans-Pritchard, an economist at
Capital Economics, said.
The economist expects sequential growth to remain moderate
during the rest of this year as the recent boom in construction and
exports unwind, pulling activity back towards trend.
Data showed that industrial production surged 14.1 percent
year-on-year, but slower than the expected expansion of 17.2
percent.
Similarly, retail sales surged 34.2 percent on year versus the
expected growth of 28 percent.
Fixed asset investment increased 25.6 percent from the same
period last year compared to a 25 percent rise economists had
forecast.
The jobless rate dropped to 5.3 percent in March, data
showed.
Iris Pang, an economist at ING said activity data shows that
China is on a recovery path. The main risk concerns chip shortages,
which could limit production and export growth in the coming
quarters.
Euro vs CHF (FX:EURCHF)
FXチャート
から 2 2024 まで 3 2024
Euro vs CHF (FX:EURCHF)
FXチャート
から 3 2023 まで 3 2024