China makes double-digit growth look disappointing

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China's economy grew 18.3% year-on-year in the first quarter of 2021, but that was less than expected given last year was so dismal. Compared to the previous quarter, the recovery lost a surprising amount of steam: petesweeneypro ywchen1

China's economy expanded 18.3% in the first quarter from a year earlier, official data showed on April 16. That was the strongest quarterly growth recorded since at least 1992, but slower than the 19% forecast per a Reuters poll.

The country's producer price index rose 4.4% in March from a year earlier, the biggest gain in almost three years and up from a 1.7% increase in February, official data showed on April 9. Consumer inflation also rose for the first time in three months. China's Financial Stability and Development Committee, which is headed by Vice Premier Liu He, issued a statement on April 8 stressing the need to maintain price stability and pay particular attention to commodities price trends.An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020. Picture taken May 17, 2020.

 

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ReutersChina petesweeneypro ywchen1 You can spin winning the superbowl into negative news these days.

ReutersChina petesweeneypro ywchen1 Howdy 🐱. Gotta tell the US and the European parliament ... Sanctions based on lies didn't work 😬 🤥

ReutersChina petesweeneypro ywchen1 Drink plenty of hot water to reduce the body heat

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