China's economy grows 8.1% in 2021, slows in second half

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China’s economy grew by 8.1% in 2021 but Beijing faces pressure to shore up activity after an abrupt slowdown in the second half

"Economic momentum remains weak amid repeated virus outbreaks and a struggling property sector,” said Julian Evans-Pritchard ofChinese exports, reported Friday, surged 29.9% in 2021 over the previous year despite a global shortage of semiconductors needed to make smartphones and other goods and power rationing imposed in major manufacturing areas.

 

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