China’s economy enters 2021 with momentum, but expected to slow across the year.
A strong rebound as the recovery begins. GDP rose by a large 3.3% in Q3, following the sharp 7% fall in Q2.
Consumers gradually returning to the market, with China still reliant on industry.
Q2 GDP fell by a massive 7% (-6.3% y/y), confirming the large hit to economic activity as a result of the shutdown to limit the COVID-19 pandemic.
GDP is expected to decline by 5.8% (-5.1% y/y) in Q2 – the largest quarterly fall on record.
How Australian producers can maximise their export opportunities in a COVID world.
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