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China's GDP grows 2.3% in fourth quarter, surpasses expectations

Jan 18, 2021 15:19 IST

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and was poised to expand further this year even as the global pandemic raged on.

Though, the 2.3% expansion is the lowest since the Chinese economy embarked on major reforms in the 1970s, but the world’s second-largest economy has surprised many with the speed of its recovery from last year’s coronavirus jolt, especially as policymakers have also had to navigate tense US-China relations on trade.

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