China’s economy grew 8.1% in 2021, weaker than expected…. Cuts policy rates for the first time since April 2020

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China’s economy grew 8.1% in 2021 compared to a year ago

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  • Analysts polled by Reuters expected China to report fourth-quarter GDP growth of 3.6% from a year ago, slower than the 4.9% expansion reported in the third quarter.
  • However, retail sales missed expectations, growing by 1.7% in December from a year ago. Analysts polled by Reuters had predicted a 3.7% increase.
  • For the full year, China economists expected an average of 8.4% growth in 2021, according to financial data provider Wind Information.
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