News Snapshot:
April 16, 2021 - Advertisement - China’s gross domestic product in the first quarter of this year increased by 18.3 percent annually, it was reported on Friday. While the result is lower than economists’ forecast, it is the fastest increase since the start of quarterly measurements in 1992. China’s economic recovery has accelerated after last year’s deep slump in the COVID-19 pandemic. Economists surveyed by Reuters had expected GDP to grow 19 percent year-on-year. In the fourth quarter of 2020, the Chinese economy grew by 6.5 percent year-on-year. For comparison, in the first three months of last year, a sharp...
