China: Economic growth records slowest increase since Q2 2020 in the fourth quarter


Source: focus-economics.com focus-economics.com

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China: Economic growth records slowest increase since Q2 2020 in the fourth quarter January 16, 2022 GDP growth lost momentum in the fourth quarter, falling to 4.0% year-on-year from 4.9% in the third quarter. Q4's reading marked the slowest growth since Q2 2020. However, the reading was slightly above market expectations of a 3.6% expansion. The services sector grew 4.6% annually in the fourth quarter, decelerating from the third quarter's 5.4% increase and marking the slowest growth since Q3 2020. This was likely influenced by the government’s tough approach to periodic Covid-19 flare-ups keeping consumer spending muted, and softer services...