{"id":470579,"date":"2021-04-16T11:06:51","date_gmt":"2021-04-16T11:06:51","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=470579"},"modified":"2021-04-16T11:06:51","modified_gmt":"2021-04-16T11:06:51","slug":"china-tames-covid-19-and-signs-historic-growth","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/04\/16\/china-tames-covid-19-and-signs-historic-growth\/","title":{"rendered":"China tames Covid-19 and signs historic growth"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>While Washington and Brussels are looking for each other through stimulus plans and unclear vaccine strategies, Beijing is showing a vigorous trend at the end of the first quarter of 2021. The current recovery in Chinese growth, the result of a successful strategy against Covid- 19, is the product of its domestic demand, its turbo and main support in times of restriction of world trade.<\/p>\n<p>With 1.4 billion inhabitants, or 18.7% of the world population, the Middle Empire saw its GDP jump by 18.3% at the end of the first quarter of 2021, a level not recorded since 1992, at the start of its quarterly publications. Driven by the increase in domestic demand (in March, retail sales rose 34.2% year on year) and exports of manufacturing products (electronic components, medical products), Beijing has returned to the situation before crisis. Already, in the last quarter of 2020, the GDP of the second largest economy in the world had increased by 6.5%, ending three quarters of decline of 6.5% linked to the containment measures taken the day after the outbreak of the pandemic.<\/p>\n<p>The world&#8217;s second-largest economy is expected to grow 8.6% this year, according to analysts polled by Reuters, after rising 2.3% last year, the weakest in 44 years, but which has made China the only large economy to avoid a contraction in its GDP. The unemployment rate, of 5.3% in March, brings President Xi Jinping closer to full employment. Western Observers who doubt these statistics recall, like the Journal Le Monde, that Beijing does not count unemployment in rural areas. Nonetheless, the International Monetary Fund (IMF) is counting on an 8.4% increase in the GDP of the world&#8217;s second-largest economy, which is much stronger optimism than the wise people at the helm of the Communist Party, who form their consensus around 6%.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>While Washington and Brussels are looking for each other through stimulus plans and unclear vaccine strategies, Beijing is showing a vigorous trend at the end of the first quarter of 2021. The current recovery in Chinese growth, the result of a successful strategy against Covid- 19, is the product of its domestic demand, its turbo<\/p>\n","protected":false},"author":536282,"featured_media":470580,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12591,12046],"tags":[435,16344,17398,16676,17780],"class_list":["post-470579","post","type-post","status-publish","format-aside","has-post-thumbnail","category-feature","category-leaders-en","tag-china","tag-covid-19","tag-growth","tag-historic","tag-historic-growth","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China tames Covid-19 and signs historic growth - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2021\/04\/16\/china-tames-covid-19-and-signs-historic-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-16T11:06:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2021\/04\/Xi-Jinping.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"China tames Covid-19 and signs historic growth\",\"datePublished\":\"2021-04-16T11:06:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/\"},\"wordCount\":294,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Xi-Jinping.jpg\",\"keywords\":[\"China\",\"COVID-19\",\"growth\",\"historic\",\"historic growth\"],\"articleSection\":[\"Featured\",\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/\",\"name\":\"China tames Covid-19 and signs historic growth - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2021\\\/04\\\/16\\\/china-tames-covid-19-and-signs-historic-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Xi-Jinping.jpg\",\"datePublished\":\"2021-04-16T11:06:51+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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