Publication:
China Economic Update, December 2021: Rebalancing Act - From Recovery to High-Quality Growth

Loading...
Thumbnail Image
Files in English
English PDF (1.34 MB)
291 downloads
English Text (250.16 KB)
39 downloads
Date
2021-12
ISSN
Published
2021-12
Author(s)
Abstract
Following a strong rebound in the first half of 2021, economic activity cooled rapidly in the latter half of the year. The slowdown was partly policy induced, reflecting significant fiscal tightening and regulatory curbs on the financial and real estate sectors, while recurring COVID-19 outbreaks complicated the normalization of contact service activities. This led to a sharp slowdown in investment and sluggish recovery of private consumption, which was only partially offset by stronger-than-expected exports on the back of robust external demand. In addition, power shortages and production cuts aimed at reducing CO2 emissions, which surged in the first half of 2021, also weighed on economic activity.
Link to Data Set
Citation
World Bank. 2021. China Economic Update, December 2021: Rebalancing Act - From Recovery to High-Quality Growth. © World Bank, Washington, DC. http://hdl.handle.net/10986/36828 License: CC BY 3.0 IGO.
Report Series
Other publications in this report series
Journal
Journal Volume
Journal Issue
Associated URLs
Associated content
Citations