China’s GDP Grows 8.1% in 2021, The Fastest In 10 Years

CNBC: China’s economy grew 8.1% in 2021 compared to a year ago

* Fourth-quarter GDP rose by 4% from a year earlier, according to China’s National Bureau of Statistics. Analysts polled by Reuters had expected China to report fourth-quarter GDP growth of 3.6%.

* However, retail sales missed expectations, growing by 1.7% in December from a year ago. Analysts polled by Reuters had predicted a 3.7% increase.

* For the full year, China economists had expected an average of 8.4% growth in 2021, according to financial data provider Wind Information.

BEIJING — China’s economy grew by 8.1% in 2021 as industrial production rose steadily through the end of the year and offset a drop off in retail sales, according to official data from China’s National Bureau of Statistics released Monday.

Fourth-quarter GDP rose by 4% from a year ago, according to the statistics bureau. That’s faster than the 3.6% increase forecast by a Reuters poll.

For the full year, China economists expected an average of 8.4% growth in 2021, according to financial data provider Wind Information.

Industrial production rose by 4.3% in December from a year ago, the bureau said, also beating Reuters’ forecast of 3.6% growth.

Notably, auto production grew for the first time since April, up by 3.4% year-on-year in December.

Read more ....

WNU Editor: China is pursuing the same policy it has in the past of cutting its interest rates to devalue its currency in order to spur an increase its exports .... China cuts rates on policy loans for first time since April 2020 (CNBC/Reuters).

The Chinese economy is going to need this support.

The economy is facing a credit/financial crisis with the collapse of China's major real estate development companies, and housing prices that are the back-bone of the Chinese economy are declining for the first time in years.

China’s GDP Grows 8.1% in 2021, The Fastest In 10 Years

China’s GDP grows 8.1% in 2021, fastest in 10 years, spurring confidence despite challenges ahead -- Global Times

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

China's economy expanded 8.1% in 2021, but growth is slowing -- CNN

China's economy slowed at end of 2021 amid COVID outbreaks -- DW

China posts 8.1% growth for 2021 but a property downturn and its zero-COVID policy could add pressure -- SKY News

from War News Updates https://ift.tt/3nA3dIe
via IFTTT

Comments

Bath Iron Works starts building new Arleigh Burke-class Flight III destroyer USS J. William Middendorf

General Dynamics Bath Iron Works has started construction of the future USS J. William Middendorf (DDG 138), a Flight III Arleigh Burke-class destroyer that will strengthen the U.S. Navy’s missile-defense and escort capacity during sustained operations in the Red Sea, Eastern Mediterranean, and Indo-Pacific. The ceremonial first steel cut took place in Maine on May 19, 2026, as the Navy continues relying on Flight III destroyers equipped with the SPY-6 radar and Aegis Baseline 10 combat system to replace the air defense and command role of retiring Ticonderoga-class cruisers ahead of the future DDG(X) program. Read full defense news at this link... USS J. William Middendorf belongs to the Flight III configuration that began with USS Jack H. Lucas (DDG 125), the first Flight III destroyer commissioned in October 2023. (Picture source: US Navy) Read more... from World Defence News https://ift.tt/tSRkVWI via IFTTT

China’s PHL-191 MLRS Shows How Airburst Munitions Could Transform Modern Battlefield Suppression

China has showcased what appears to be an airburst-capable munition fired from its PHL-191 long-range modular multiple launch rocket system during a live-fire exercise, highlighting a growing emphasis on suppressing dispersed battlefield targets rather than relying solely on point strikes. Footage released on July 19, 2026, by China Military Online and the Chinese Ministry of National Defense suggests the PLA is expanding its long-range fire-support options with effects designed to disrupt troops, air-defense sites, and lightly protected equipment across a wider area, reinforcing its ability to shape the battlefield before major combat operations begin. Read Full Defense News At This Link. New PLA footage shows China’s PHL-191 rocket artillery system delivering concentrated, apparent airburst fragmentation effects against dispersed battlefield targets (Picture Source: Chinese Ministry of National Defense) from World Defence News https://ift.tt/jYnGm7H via IFTTT

US Navy considers Ford-class aircraft carrier redesign to match Trump's WWII island style preference

On August 16, 2026, the U.S. Navy initiated an operational and technical evaluation regarding whether to move the island superstructure on future Ford-class aircraft carriers from its current far-aft placement toward amidships, following directive preferences from President Donald Trump. The assessment will likely focus on whether relocating the command structure toward a World War II-era configuration would negatively impact flight deck operations, sortie generation rates, and recovery airflow dynamics. This design review also follows an August 13 directive ordering the Navy to replace the Electromagnetic Aircraft Launch System and Advanced Weapons Elevators on the future USS Doris Miller with steam catapults and hydraulic systems. Read full defense news at this link... The USS Gerald R. Ford (CVN-78) places its island much farther aft so more aircraft can be parked and moved directly toward the catapults without interfering with landings, whereas USS Enterprise (CV-6)'s amidship...

MTQ News

Search This Blog