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Tags: China | Economy

China's Economy Grows 8.1% in 2021, Slows in Second Half

Sunday, 16 January 2022 10:00 PM EST

BEIJING (AP) — China’s economy grew by 8.1% in 2021 after an abrupt slowdown in the second half that is prompting suggestions Beijing needs to shore up slumping growth.

In the final three months of 2021, the world’s second-largest economy expanded at a 4% annual pace, government data showed Monday. That is down from the previous quarter's 4.9% and an eye-popping 18.3% in January-March.

Activity slumped under pressure from Beijing on the real estate industry, a key growth driver, to cut debt levels that Chinese leaders worry are dangerously high.

That has prompted suggestions Beijing may need to cut interest rates or pump money into the economy through more public works construction.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
China's economy grew by 8.1% in 2021 after an abrupt slowdown in the second half that is prompting suggestions Beijing needs to shore up slumping growth.In the final three months of 2021, the world's second-largest economy expanded at a 4% annual pace, government data...
China,Economy
111
2022-00-16
Sunday, 16 January 2022 10:00 PM
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