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China’s economy grew 18.3 per cent in the first quarter of 2021, but it looks like its COVID-19 rebound is levelling off – ABC News

The world’s second-largest economy jumped by nearly 20 per cent in the first quarter of 2021 after experiencing its deepest contraction in decades during the coronavirus…



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China’s economy has bounced back after last year’s deep coronavirus slump,  propelled by stronger demand at home and abroad and continued government support for smaller firms.
Key points:

  • Analysts say China’s growth will return to modest levels through the rest of the year
  • Manufacturing and consumer activity has returned to pre-coronavirus levels
  • Exports have led the country’s economic recovery

But the brisk expansion, heavily skewed by the plunge in activity a year earlier, is expected to moderate…

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