Tuesday, December 07, 2021

NEWS

Chinese economy grew almost 5% during the third quarter of 2021

Chinese economy grew almost 5% during the third quarter of 2021

Beijing, Oct 18 (Prensa Latina) China reported an economic growth of 4.9 percent during the third quarter of 2021, lower than expected due to the outbreak of Covid-19 in the summer and the real estate and energy sectors crises.
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According to the National Bureau of Statistics, the main indicators remained in a ‘reasonable range’ and the recovery advanced in the midst of a ‘complex and harsh’ environment both domestically and internationally.

It was assured that this will be temporary and the massive blackouts that have hit several provinces since September, with an impact on the production of factories at a time active due to the advent of Christmas, are under control.

On the other hand, the Bureau explained that last month there was progress in retail sales of consumer goods (4.4 percent), although investment in fixed assets fell (3.1 percent).

Merchant activity little in September grew with a year-on-year increase of 15.4 percent and movements equivalent to 3.53 trillion yuan (more than 547 billion dollars).

Exports experienced a rise of 19.9 points, imports reached 10.1 points and the surplus was 433.190 billion yuan (more than 67.206 billion dollars).

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