- China Q4 GDP grows 4.0% y/y vs 3.6% forecast in Reuters poll
- China 2021 GDP grows 8.1% versus 8.0% forecast
- Dec factory output growth picks up, retail sales disappoint
BEIJING, Jan 17 (Reuters) – China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but weak consumption at the year-end and a property slowdown point to cooling momentum and the need for more policy support.
The central bank on Monday cut loan rates to cushion the world’s second-largest economy as its confronts headwinds from a rapidly cooling property sector and sporadic COVID-19 outbreaks.
Several Chinese cities went on high COVID-19 alert ahead of the Lunar New Year holiday travel season, as the Omicron variant reached more areas including Beijing.
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The economy grew 8.1% in 2021, faster than a forecast 8.0% and well above a government target of “above 6%” and 2020’s revised…
