China's Economy Recovered in Q4 2020

Economics & Macro

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Andrea Lidwina 21/01/2021 18:20 WIB

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China's economy grew by 6.5% in the fourth quarter of 2020 compared to the same quarter of the previous year. This growth returned to a range similar to that before the coronavirus pandemic.

China's Year-on-Year (YoY) Economic Growth

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China's Economy Recovered in Q4 2020

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China's Year-on-Year (YoY) Economic Growth

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China's economy grew by 6.5% in the fourth quarter of 2020 compared to the same quarter of the previous year. This growth was higher than in the third quarter of that year and returned to a similar range as before the coronavirus pandemic.

According to the *South China Morning Post*, this economic recovery was supported by the successful containment of Covid-19 and the provision of fiscal and monetary stimulus to boost investment.

Thus, China's economic growth throughout 2020 was recorded at 2.3%. Although this figure is the lowest since 1976, it is better than other countries in the world.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."