China’s economy grew 18.3 percent in the first quarter of 2021 compared to the same period last year. After the corona virus epidemic, factory and consumer activity is becoming more common in China, leading to improvements in the state of the economy.
China’s economic data was released Friday. The world’s second-largest economy suffered the biggest downturn in a decade in the same period last year.
The government says there has been a good increase in activities compared to the last quarter of 2020.
Last March, the Communist government of China declared victory over the corona virus. Since then, manufacturing activity, automotive sales and consumer activity have reached a high level of pre-epidemic activity.
Despite the recent good performance, the resurgence of China’s economy may be affected by the global uncertainty in the midst of the epidemic. Some governments have begun to curb the newly contagious disease. China’s economy fell 6.8 percent in the first quarter of last year.
Investment in the real estate sector increased by 19 per cent during the Corona era
