CHINA VIEW: China's Q4 growth tops pre-COVID level; but more consumption needed to sustain recovery | The Conference Board
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CHINA CENTER PUBLICATIONS

CHINA VIEW: China's Q4 growth tops pre-COVID level; but more consumption needed to sustain recovery

Official GDP growth in Q4 beat market expectations. Some sectors achieved growth notably higher than pre-COVID levels: exports, industrial production, and manufacturing investment.  Strong export demand for industrial goods lifted Chinese Industrial Production to a high not seen since early 2018. And yet, China’s recovery remains severely unbalanced. Consumption growth is significantly lagging industrial production; and small business recovery is significantly lagging the large corporate sector.


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