China’s GDP grew above expectations in the fourth quarter

By: Trademagazin editor Date: 2022. 01. 18. 11:03

Gross domestic product in China grew better than expected in the fourth quarter, compared to a year before, but at the same time the growth rate was the lowest for a year and a half. Compared to the previous quarter, however, the highest GDP growth for the whole year was in the fourth quarter, according to a report by the Beijing Bureau of Statistics.

China’s economy grew by four percent in the last quarter of 2021

China’s GDP grew 4.0 percent in the fourth quarter from a year earlier than the 3.6 percent expected by markets. Annual growth was 4.9 percent in the third quarter.

Compared to the previous quarter, China’s gross domestic product grew 1.6 percent in the last quarter of last year. Quarterly growth was 0.7 percent in the third quarter and the market expected 1.1 percent in the fourth quarter. (MTI)