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Official data: The Chinese economy is growing at a record pace Economie 2021-04-16 | 07:06 255 views Official data revealed, today, Friday, that China's economy recovered at a strong pace in the first quarter of 2021 from a decline caused by the Corona virus earlier in 2020, as it received support from stronger demand from home and abroad and continued government support for companies. According to the data, China's GDP jumped at a record rate of 18.3% in the first quarter of 2021 compared with the same period a year ago. The increase is the strongest since at least 1992, when official quarterly records began to be kept. The rise was supported by strict measures to contain the virus and an emergency financial rescue for companies. The Chinese economy is recovering after a 6.8% decline in the first three months of 2020, when the Covid-19 outbreak shifted in the city and And Han Central China into a full-force epidemic. The boost in exports is driving the recovery as Chinese factories rush to fulfill foreign orders, along with a steady improvement in consumption that comes despite sporadic COVID-19 cases in some cities. The second largest economy in the world is expected to grow by 8.6% in 2021, after an increase of 2.3% last year, which is the weakest in 44 years, but it has made China the only major economy that avoided recording a contraction during the pandemic.