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Letzte Aktualisierung: January 18, 2022

China's economy: high growth with great concerns

A Covid-related slump and subsequent recovery are currently distorting the statistics
The Chinese economy is under pressure from multiple fronts – as the latest statistics show. Pandemic and real estate woes have weakened growth at the beginning of the year. However, the balance sheet for the past year is impressive.
Finn Mayer-Kuckuk
Finn Mayer-Kuckuk
China's growth has once again exceeded its own targets. Economic output rose by 8.1 percent in 2021. This was announced by the National Bureau of Statistics in Beijing on Monday. Premier Li Keqiang had announced "over six percent" last March. With slow real estate growth and a protracted pandemic, analysts expect a much lower figure for the current year. The Chinese Academy of Social Sciences expects 5.5 percent for 2022. The Chinese central bank shares this assessment.
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