Employees work at a workshop of Aiways Automobiles Co Ltd., during a government-organised media tour in Shanghai China January 14, 2021. — Reuters pic
Analysts polled by Reuters forecast GDP grew 6.1 per cent in October-December from a year earlier, accelerating from the third quarter’s 4.9 per cent pace. On a quarterly basis, growth likely quickened to 3.2 per cent in October-December from 2.7 per cent in the previous quarter, the poll showed. While this year’s predicted growth rate would be the strongest in a decade, led by a big jump in the first quarter, it is rendered less impressive coming off the low base set in pandemic-stricken 2020.
The International Monetary Fund said this month that China should maintain some policy support for the economy this year, but steps are needed to spur private demand and achieve more balanced growth over the medium term.
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