China’s economic recovery is flashing some warning signs
China is releasing its latest quarterly economic growth figures on Thursday, offering clues about how the world’s second largest economy is continuing to recover from the coronavirus pandemic.
In the first quarter of 2021, China posted record GDP growth of 18.3% compared to a year prior — although that was largely because the country experienced an historic contraction early last year because of Covid-related restrictions. Compared with the first quarter of 2019, GDP increased 10.3%.
After a slump in the first three months of 2020, China’s economy started to recover as it was boosted by state-led investments in massive infrastructure projects and surging overseas demand for medical…
