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China GDP grows 2.3% in 2020, slowest in more than four decades: Official

The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s.

Published on: Jan 18, 2021, 07:59:38 IST
AFP
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China's economy grew at the slowest pace in more than four decades last year despite a rebound after the country's coronavirus outbreak, official data showed Monday.

People wearing face masks are seen at a subway station following the coronavirus disease (Covid-19) outbreak, in Shanghai, China. (REUTERS)
People wearing face masks are seen at a subway station following the coronavirus disease (Covid-19) outbreak, in Shanghai, China. (REUTERS)

The 2.3 percent expansion is the lowest figure since the Chinese economy embarked on major reforms in the 1970s.

The National Bureau of Statistics warned of a "grave and complex environment both at home and abroad", with the pandemic having a "huge impact".