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    Home » China GDP Expanded 8.1% in 2021, But Momentum Slowed in Q4
    Forex News

    China GDP Expanded 8.1% in 2021, But Momentum Slowed in Q4

    January 17, 20221 Min Read
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    Concept of Gross Domestic Product or GDP of Germany, GDP in wooden block letter on German Flag
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    China’s economy expanded by 8.1% in 2021 as industrial production increased steadily through the end of the year and offset a fall in retail sales.

    • Fourth-quarter GDP grew by 4% from a year ago. That’s faster than the 3.6% expansion forecasted by a Reuters poll. For the full year, China economists anticipated an average of 8.4% growth in 2021.
    • Industrial production expanded by 4.3% in December from a year ago, surpassing Reuters’ forecast of a 3.6% increase. Auto production expanded by 3.4% YoY in December for the first time since April.
    • Fixed asset investment for 2021 increased by 4.9%, surpassing expectations for 4.8% growth. Investment in real estate expanded by 4.4%, as infrastructure grew by 0.4%.
    • Investment in manufacturing expanded by 13.5% in 2021 from a year ago, largely attributable to a 24.3% YoY increase in special-purpose machinery.

    Meanwhile, retail sales missed expectations and grew by only 1.7% in December a year ago.

    CSI 300 Index up +0.86%, CNYUSD up +0.09%Source: National Bureau of Statistics of China

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