Orlando Sentinel

China’s growth surges to 18.3%


BEIJING — China’s economy grew by double digits in the latest quarter, but an explosive rebound from the coronaviru­s pandemic is slowing abruptly as manufactur­ing and consumer spending return to normal.

The economy grew by 18.3% over a year ago, official data showed Friday, a figure that was magnified by comparison with early 2020, when factories and shops were closed and activity plunged. Growth compared with 2020’s final quarter slowed to 0.6%, among the weakest of the past decade.

The latest figures “mask a sharp slowdown” in the world’s second-largest economy as stimulus spending and easy credit are wound down, Julian Evans-Pritchard of Capital economics said in a report.

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