China economic observation report for the third quarter of 2021 From kpmg

The following is the China economic observation report for the third quarter of 2021 From kpmg recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, kpmg , research report.

KPMG China today released the China Economic Observer report for the third quarter of 2021. The report points out that China’s economy continued to pick up in the first half of the year and was generally in the process of steady and good recovery, with a cumulative year-on-year growth of 12.7% and an average growth of 5.3% in the two years. Over the past year, industrial production and exports have been the main driving force for China’s economic recovery after the epidemic, but the growth rate may slow down in the future.

At the same time, the popularization of vaccination and the continuous restoration of residents’ income will gradually shift the momentum of China’s economic recovery to consumption and manufacturing investment in the second half of the year. At present, there are still many uncertain factors in the global economy, the mutated virus is still accelerating in some regions, and the domestic economic recovery is not balanced. Superimposed on the impact of recent natural disasters on some regions, China’s economic recovery will face greater challenges in the second half of the year.

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