China's economy expanded 8.1% in 2021, but growth is slowing
CNN
China's GDP grew at the slowest pace in one and half years in the fourth quarter, as a deepening property crisis, renewed Covid outbreaks, and the government's insistence on strict control measures added to concerns on an already slowing economy.
Still, that figure was higher than expected by economists. A Reuters poll of analysts forecast 3.6% growth compared to a year earlier.
For all of 2021, GDP expanded 8.1% compared to the prior year, roughly in line with analyst expectations. The Chinese government set a goal last spring for its economy to expand at least 6% for the year.
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