Regional News • Asia • China

China's economy grows at a record 18.3 percent

China's economy grows at a record 18.3 percent
Shenwumen Gate of Forbidden City, Beijing Credit: kallgan (Creative Commons Attribution 3.0)

China's economy has largely overcome the Covid-19 crisis and started the new year with record growth. According to the Beijing statistics office, the second-largest economy grew by 18.3 percent in the first three months compared to the first quarter of last year. This is the biggest jump since quarterly evaluations began a good 30 years ago.

The unusually strong growth can be explained by the fact that the Chinese economy slumped sharply last spring due to the Covid-19 pandemic. At that time, the world's most populous country came to an almost complete standstill for several weeks.

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