BEIJING, July 16, Global Times - China's GDP grew by 7.9 percent in the second quarter of 2021, and expanded 12.7 percent in the first half of the year, according to data the National Bureau of Statistics released on Thursday. The data also shows the country's average two-year GDP growth was 5.3 percent. From the perspective of tendency, the average two-year growth of the year-on-year GDP growth for the first quarter was 5.0 percent, and 5.5 percent for the second quarter. On a quarter-on-quarter basis, GDP growth of the first quarter was 0.6 percent, and 1.3 percent for the second quarter. These figures reflect the steady growth of China's economy, and its prospects are promising.
China's remarkable GDP figures gained unprecedented attention in the past two years. An important factor behind such an achievement is the China-US strategic competition highlighted by Washington. The US has engaged in all-round suppression against China, forming a momentum in which the US leads its allies and part of the Western world to contain China.
Limited time offer:
Just RM5 per month.
