China’s economic growth in the first quarter mainly reflects how hard the world’s second-largest economy was hit by the Covid-19 pandemic early last year, rather than the strength of its recovery.
Although the GDP An increase of over 18% Compared with the year-on-year growth from January to March, the growth rate in the last quarter of 2020 is only 0.6%.
When the National Bureau of Statistics released its estimate of growth in the second quarter on Thursday, it is expected that China will release a year-on-year overall figure of about 8%. However, the focus will be on signs of an economic downturn and whether these signs are sufficient for the government to adjust policies.