China’s economy grows 8.1% in 2021, slows in second half

Within the closing three months of 2021, the world’s second-largest economic system expanded at a 4% annual tempo, authorities information confirmed Monday. That’s down from the earlier quarter’s 4.9% and an eye-popping 18.3% in January-March.

Exercise slumped beneath stress from Beijing on the actual property trade, a key development driver, to chop debt ranges that Chinese language leaders fear are dangerously excessive.

That has prompted ideas Beijing may have to chop rates of interest or pump cash into the economic system by way of extra public works development.