Industry

China’s GDP expands 8.1 percent in 2021

China’s economy posted stable growth in 2021 despite challenges including epidemic resurgences and a complicated external environment, official data showed Monday, according to Xinhua.

The country’s gross domestic product (GDP) expanded 8.1 percent year on year to 114.37 trillion yuan (about 18 trillion U.S. dollars) last year, the National Bureau of Statistics (NBS) said.

The pace was well above the government target of “above 6 percent,” and put the two-year average growth at 5.1 percent, the data showed.

In the fourth quarter, the country’s GDP expanded 4 percent year on year.

China’s economy has continued stable recovery in 2021, leading the world in both economic development and epidemic control, the NBS said, while warning of the triple pressure of demand contraction, supply shocks and weakening expectations amid an increasingly complicated external environment.

 

Source: Azerbaijan State News Agency