China’s economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough COVID-19-stricken year in remarkably good shape and remained solidly poised to expand further this year.
The GDP expanded 6.5 percent, data from the Chinese National Bureau of Statistics showed yesterday, faster than the 6.1 percent forecast by economists in a Reuters poll, and followed 4.9 percent growth in the third quarter.
GDP grew 2.3 percent last year, the data showed, making China the only major economy in the world to avoid a contraction last year as many nations struggled to contain the COVID-19 pandemic.
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