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China s Economy Grew 2.3% In 2020, Rebounding To Pre-Pandemic Territory China s Economy Grew 2.3% In 2020, Rebounding To Pre-Pandemic Territory Gross domestic product climbed 6.5 per cent in the final quarter from a year earlier, fueled by stronger-than-expected industrial output, the statistics bureau said Monday Updated: January 18, 2021 10:02 am IST China s gains mean it increased its share of the world economy to 14.5 per cent China s economy recovered to pre-pandemic growth rates in the fourth quarter, propelling it to a stronger than expected full-year expansion of 2.3 per cent and making it the only major one to avoid contraction. Gross domestic product climbed 6.5 per cent in the final quarter from a year earlier, fueled by stronger-than-expected industrial output, the statistics bureau said Monday. Economists surveyed by Bloomberg had predicted 6.2 per cent growth for the quarter and 2.1 per cent for the full year.

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