BEIJING, April 16 (Xinhua) -- China's economy grew 18.3 percent year on year in the first quarter of 2021, as strong domestic and foreign demands powered recovery from a low base in early 2020 when COVID-19 stalled the world's second largest economy.
The gross domestic product (GDP) reached 24.93 trillion yuan (about 3.82 trillion U.S. dollars) in Q1, data from the National Bureau of Statistics (NBS) showed Friday.
The double-digit growth puts the average Q1 growth of 2020 and 2021 at 5 percent from the 2019 level.
In the first three months, China saw a steady industrial production rebound, improvement in market sales, recovery in fixed-asset investment, and noticeable momentum in foreign trade of goods, according to the NBS.
The Chinese economy registered a 6.8-percent contraction in the Q1 of 2020 due to the novel coronavirus. Thanks to resolute and effective virus control, the global growth engine regained its footing with a "V-shaped" comeback to attain three consecutive quarters of rebound last year (3.2 percent in Q2, 4.9 percent in Q3 and 6.5 percent in Q4).
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China Mining Conference and Exhibition (CHINA MINING) is officially supported by Ministry of Natural Resources China. Since first held in 1999, CHINA MINING has become one of the world’s top mining events and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including survey and evaluation, exploration and mining, techniques and equipment, investment and finance, trade and services, etc., playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
China Mining Conference and Exhibition 2020 was held IN Tianjin China on October 22-24, 2020. For more information about CHINA MINING, please visit: m.balanzskin.com.
