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Market talk: The world’s second-largest economy showed robust GDP growth in the fourth quarter of 2020ANALYSIS
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2/3/2021 5:48:52 AM GMT
ASIA
China’s growth is likely to moderate in the coming months as the country faces risks on two fronts, according to the chief Asia economist of Goldman Sachs. Goldman Sachs economist Andrew Tilton said the policy makers are quite comfortable with the recovery so far and are starting to pull back on policy stimulus to some degree. The world’s second-largest economy showed robust GDP growth in the fourth quarter of 2020, expanding at 6.5% compared to a year ago. It beat market expectations and made China one of the few major economies in the world to record positive growth for a year mired by the coronavirus pandemic.