China’s GDP grew above expectations in the fourth quarter

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)