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China adjusts economic growth index downward

National Bureau of Statistics of China

China adjusts economic growth index downward

Beijing, Dec 17 (Prensa Latina) The National Bureau of Statistics of China reviewed today and reduced to 2.2 percent the level of growth of the economy during 2020, which until now was of 2.3.
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According to the entity’s last evaluation, the correction left the Gross Domestic Product (GDP) at 101.4 trillion yuan (15.92 trillion dollars), after reducing it by 242 billion yuan (38 billion dollars).

The process, the source added, was based on an analysis of annual statistical data, overall fiscal accounts and departmental administrative records.

Last January, China reported an economic boom of 2.3 percent in 2020, achieved thanks to the sustained recovery of industries, the good performance of commercial activity and, especially, the growing dynamics of exports after controlling the Covid- 19.

Although in general terms all indicators showed positive numbers, the Office warned about multiple internal and external uncertainties due to the persistence of the pandemic in the world and current local outbreaks.

Indeed, 2021 passes with some ups and downs, GDP in the third quarter only rose 4.9 percent (below expectations) and important sectors like industrial production and retail sales of consumer goods reported a slow growth during previous November.

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