China’s uneven coronavirus recovery inflames economic divide between north and south
Southern provinces showed the strongest first quarter rebounds after the coronavirus pandemic ravaged the economy early in 2020
The virus outbreak exacerbated regional economic gaps, which could worsen as coastal provinces benefit from export growth this year
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People can be seen wearing masks as protective measure against the Covid-19 outbreak in Beijing. China s recovery has been led by export strength as factories raced to fill overseas orders and a steady pickup in consumption. (Representative image)
BEIJING: China s economic recovery quickened sharply in the first quarter from a coronavirus-induced slump earlier last year, propelled by stronger demand at home and abroad and continued government support for smaller firms.
Gross domestic product (GDP) jumped a record 18.3% in the first quarter from a year earlier, official data showed on Friday, slower than the 19% forecast by economists in a Reuters poll, and following 6.5% growth in the fourth quarter last year.
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