China’s economy rebounds strongly in Jan-Feb, industrial output up 35.1%; Q1 GDP growth seen at 17% by an economist

Workers work on the assembly line at a factory of vehicle manufacturer BYD Auto in Xi'an, northwest China's Shaanxi Province, Feb. 25, 2020. -Photo: Xinhua

BEIJING, March 15, Global Times: China’s economy has shed the clouds of the coronavirus and picked up its recovery in the first two months of 2021, with key economic indicators improving at a sizable growth rate of more than 30 percent, thanks to last year’s low base and a steady acceleration of manufacturing fired up by domestic and overseas demand.

Analysts say the rosy January-February economic performances signal that China may record a GDP growth rate of between 15-20 percent for the first three months, which would make its first-quarter economy expansion the highest among major global economies.