This post was originally published on South China Morning Post.
China’s economy accelerated at end of 2020, but annual growth slowed to lowest since 1976
China’s coronavirus-hit economy grew by 2.3 per cent in 2020, the lowest annual growth rate in 45 years, the National Bureau of Statistics (NBS) announced on Monday.The country is expected to be the only Group of 20 nation to report positive economic growth in 2020, even though the growth rate last year was the lowest since the nation’s economy shrank by 1.6 per cent in 1976. The growth rate was higher than the 2.1 per cent expansion projected in the median forecast in a survey of analysts by…